Notable Hit: (FIVE:NASDAQ) On Wednesday November 30, 2022 Five Below, Inc. (FIVE) posted revenues of $645.03mm beating the consensus estimate by +5.7% and in the same direction as Advan's forecasted sales. The revenue increased 6.15% YoY - in line with Advan's foot traffic data increase of 7.76% YoY across all of the retailer's stores for Q3 2022. Advan's footfall data has a correlation of 0.87 on a YoY basis with FIVE's top-line revenue over the last 14 quarters.
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.