Advan Notable Hits: Brinker International (EAT)

August 16, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (EAT:NYSE) On Wednesday August 14, 2024 Brinker International, Inc. (EAT) posted revenues of $1.21 bn surpassing the analysts estimate by 6.1% and in the same direction as Advan's forecasted sales. Advan's data showed a 6.9% increase YoY in foot traffic across all of its restaurant chains in Q2 2024; the company's revenue increased 12.3% YoY. Advan's footfall data has a correlation of 0.94 on a YoY basis with EAT's top-line revenue over the last 17 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.