Notable Hit 1: (DRI:NYSE) On Thursday September 21, 2023 Darden Restaurants, Inc. (DRI) posted revenues of $2.73 bn surpassing the mean analyst estimate of $2.71 bn and in the same direction as Advan's forecasted sales. The revenue increased 11.6% YoY inline with Advan's foot traffic data increase of 12.1% YoY across all of its restaurant chains in Q1 2023 fiscal. Advan's footfall data has a correlation of 0.96 on a YoY basis with DRI's top-line revenue over the last 19 quarters.
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.
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