Advan Notable Hits: Delta Air Lines, Inc. (DAL) & Sportsman's Warehouse Holdings, Inc. (SPWH)

Notable Hit 1: (DAL:NYSE) On Thursday April 13, 2023 Delta Air Lines, Inc. (DAL) posted revenues of $12.76 bn surpassing the mean consensus estimates by 6% and in the same direction as Advan's forecasted sales. The revenue increased 36.49% YoY - in line with Advan's foot traffic data increase of 8% YoY at its terminals for fiscal Q1 2023. Advan's footfall data has a correlation of 0.97 on a YoY basis with DAL's top-line revenue over the last 15 quarters.

Advan Hits: DAL correlation traffic vs revenue

Notable Hit 2: (SPWH:NASDAQ) On Thursday April 13, 2023 Sportsman's Warehouse Holdings, Inc. (SPWH) posted revenues of $379.27mm, missing the consensus estimates by -0.2% and in the same direction as Advan's forecasted sales. The revenue decreased 8.89% YoY - in line with Advan's foot traffic data decrease of 10.26% YoY at its stores for fiscal Q4 2022. The stock opened at $6, -28% from previous close. Advan's footfall data has a correlation of 0.9 on a YoY basis with SPWH's top-line revenue over the last 14 quarters.

Advan Hits: SPWH correlation traffic vs revenue

Follow us on Twitter and LinkedIn.

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.