Advan Notable Hits: Brinker International, Inc. (EAT)

Notable Hit: (EAT:NYSE) On Thursday August 25, 2022 Brinker International, Inc. (EAT) posted top line revenue of $1.02bn beating the consensus estimate by +0.4% and in the same direction as Advan's forecasted sales. The revenue was up 1.28% YoY and in line with Advan's foot traffic data increase of 2.6% YoY at its stores for fiscal Q4 2022. Advan's footfall data has a correlation of 0.99 on a YoY basis with EAT's top-line revenue over the last 14 quarters.

Advan Hits: EAT 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.