Advan Notable Hit: Five Below, Inc. (FIVE)

December 3, 2021 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (FIVE:NASDAQ) On Wednesday December 1, 2021 Five Below, Inc. (FIVE) posted better-than-expected revenues of $607.65mm beating the consensus estimate of $561.32mm or by 8.2% and in the same direction as Advan's forecasted sales. The revenue was up 27.5% YoY - Advan's foot traffic data captured an increase in foot traffic of +30.7% YoY at its stores for Q3 2021. As a result of beating the sales and EPS, the stock opened at $206.01, up 8.9% from its previous day's closing price. Advan's footfall data has a correlation of 0.84 on a YoY basis with FIVE's top-line revenue over the last 12 quarters.

Advan Hits: FIVE 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.