Advan Notable Hits: Five Below, Inc. (FIVE) & Signet Jewelers Limited (SIG)

Notable Hit 1: (FIVE:NASDAQ) On Wednesday March 15, 2023 Five Below, Inc. (FIVE) posted revenues of $1.12 bn, surpassing the consensus estimates by +1% and in the same direction as Advan's forecasted sales. The revenue increased 12.7% YoY - in line with Advan's foot traffic data increase of 14.5% YoY at its stores for Q4 2022. Advan's footfall data has a correlation of 0.82 on a YoY basis with FIVE's top-line revenue over the last 15 quarters.

Advan Hits: FIVE correlation traffic vs revenue

Notable Hit 2: (SIG:NYSE) On Thursday March 16, 2023 Signet Jewelers Limited (SIG) posted revenues of $2.67 bn, down 5% YoY and in line with Advan's foot traffic data decrease of 11.5% YoY at its stores for Q4 2022. Advan's footfall data has a correlation of 0.87 on a YoY basis with SIG's top-line revenue over the last 12 quarters.

Advan Hits: SIG 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.