Advan Notable Hits: Darden Restaurants (DRI) & NIKE (NKE)

December 20, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (DRI:NYSE) On Thursday December 19, 2024 Darden Restaurants, Inc. (DRI) posted revenues of $2.89 bn surpassing the analysts estimates by 1% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.3% increase YoY in foot traffic to its restaurants, including Olive Garden and other chain restaurants, in Q3 2024; the company's revenue increased 6% YoY. The stock closed up 14.7% from previous close. Advan's footfall data has a correlation of 0.98 on a YoY basis with DRI's top-line revenue over the last 19 quarters.

Advan Hits: DRI correlation traffic vs revenue

Notable Hit 2: (NKE:NYSE) On Thursday December 19, 2024 NIKE, Inc. (NKE) posted revenues of $12.35 bn surpassing the analysts estimates by 1.3% and in the same direction as Advan's forecasted sales. Advan's data showed a 2% decrease YoY in foot traffic to its stores in Q3 2024; the company's revenue decreased 7.8% YoY. Advan's footfall data has a correlation of 0.94 on a YoY basis with NKE's top-line revenue over the last 19 quarters.

Advan Hits: NKE 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.