Advan Notable Hits: Ecolab Inc. (ECL) & The Cheesecake Factory Incorporated (CAKE)

Notable Hit 1: (ECL:NYSE) On Tuesday July 26, 2022 Ecolab Inc. (ECL) posted better than expected revenues of $3.58bn surpassing the consensus estimate of $3.50bn or by +2% and in the same direction as Advan's forecasted sales. The revenue was up 13.2% YoY and in line with Advan's employee foot traffic data increase of 4.3% YoY at its factories for Q2 2022. Advan's footfall data has a correlation of 0.98 on a YoY basis with ECL's top-line revenue over the last 12 quarters.

Advan Hits: ECL correlation traffic vs revenue

Notable Hit 2: (CAKE:NYSE) On Wednesday July 27, 2022 The Cheesecake Factory Incorporated (CAKE) posted revenues of $832.64mm versus the consensus estimate of $842.65mm. The revenue was up 8.3% YoY and in line with Advan's foot traffic data increase of 4% YoY at its stores for Q2 2022. The stock next day closed +4.9% from previous closing. Advan's footfall data has a correlation of 0.98 on a YoY basis with CAKE's top-line revenue over the last 12 quarters.

Advan Hits: CAKE 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.