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

Notable Hit 1: On Thursday March 20, 2025 Darden Restaurants, Inc. (DRI) posted revenues of $3.15BN missing the analysts estimates by 1.5% and in the same direction of Advan's implied sales. Advan's data showed a 1% increase YoY in overall foot traffic across all Darden's chains, including Oliver Garden and Longhorn locations in FQ4 2024; the company's revenue increased 5.9% YoY. The stock closed +5.8% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with DRI's top-line revenue over the last 16 quarters.

DRI - yoy % change in foot traffic

Notable Hit 2: On Thursday March 20, 2025 NIKE, Inc. (NKE) posted revenues of $11.27BN surpassing the analysts estimates by 2.3% and in the same direction of Advan's implied sales of $11.12BN (-1.35%). Advan's data showed a 5.9% decrease YoY in overall foot traffic to Nike's locations in FQ3 2024; the company's revenue decreased 9.3% YoY. The stock opened down 7.3% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with NKE's top-line revenue over the last 16 quarters.

NKE - yoy % change in foot traffic

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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.