Advan Notable Hits: Caesars, The Cheesecake Factory, Shake Shack, Denny's, Marriott

Notable Hit 1: (CZR:NASDAQ) On Tuesday July 30, 2024 Caesars Entertainment, Inc. (CZR) posted revenues of $2.83 bn missing the analysts estimate by 1.7% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.3% decrease YoY in foot traffic to its casino resorts in Q2 2024; the company's revenue decreased 1.7% YoY. Advan's footfall data has a correlation of 0.97 on a YoY basis with CZR's top-line revenue over the last 18 quarters.

Advan Hits: CZR correlation traffic vs revenue

Notable Hit 2: (CAKE:NASDAQ) On Wednesday July 31, 2024 The Cheesecake Factory Incorporated (CAKE) posted revenues of $904 mm slightly missing the analysts estimate by 0.5% and in the same direction as Advan's forecasted sales. Advan's data showed a 1.4% increase YoY in foot traffic to its restaurants in Q2 2024; the company's revenue increased 4.4% YoY. Advan's footfall data has a correlation of 0.98 on a YoY basis with CAKE's top-line revenue over the last 17 quarters.

Advan Hits: CAKE correlation traffic vs revenue

Notable Hit 3: (SHAK:NYSE) On Thursday August 1, 2024 Shake Shack Inc. (SHAK) posted revenues of $316.15 mm surpassing the analysts estimate by 0.5% and in the same direction as Advan's forecasted sales. Advan's data showed a 17.8% increase YoY in foot traffic to its restaurant in Q2 2024; the company's revenue increased 16.4% YoY. The stock opened +17.8% from previous close. Advan's footfall data has a correlation of 0.95 on a YoY basis with SHAK's top-line revenue over the last 18 quarters.

Advan Hits: SHAK correlation traffic vs revenue

Notable Hit 4: (DENN:NASDAQ) On Tuesday July 30, 2024 Denny's Corporation (DENN) posted revenues of $115.93 mm missing the analysts estimate by 2.8% and in the same direction as Advan's forecasted sales. Advan's data showed a 0.2% decrease YoY in foot traffic to the American-operated terminal in Q2 2024; the company's revenue decreased 0.8% YoY. The stock opened -7.1% from previous close. Advan's footfall data has a correlation of 0.95 on a YoY basis with DENN's top-line revenue over the last 18 quarters.

Advan Hits: DENN correlation traffic vs revenue

Notable Hit 5: (MAR:NASDAQ) On Wednesday July 31, 2024 Marriott International, Inc. (MAR) posted revenues of $6.44 bn slightly missing the analyst estimates by 0.5% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.1% increase YoY in foot traffic across all of its hotels in Q2 2024; the company's revenue increased 6% YoY. Advan's footfall data has a correlation of 0.9 on a YoY basis with mar's top-line revenue over the last 18 quarters.

Advan Hits: MAR correlation traffic vs revenue

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About Advan

Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.

Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.