Advan Notable Hits: Darden Restaurants (DRI)

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

Notable Hit 1: (DRI:NYSE) On Thursday September 19, 2024 Darden Restaurants, Inc. (DRI) posted revenues of $2.76 bn missing the analysts estimate by 1.7% and in the same direction as Advan's forecasted sales. Advan's data showed a 1.5% increase YoY in foot traffic across all of its restaurant chains in Q2 2024; the company's revenue increased 1% YoY. The stock opened +9% 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

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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.