Advan Notable Hits: Nordstrom, Burlington, Five Below & American Eagle

August 30, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (JWN:NYSE) On Tuesday August 27, 2024 Nordstrom, Inc. (JWN) posted revenues of $3.89 bn surpassing the analysts estimate by 0.4% and in the same direction as Advan's forecasted sales. Advan's data showed a 5.7% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 3.1% YoY. As a result, the stock next day was +9% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with JWN's top-line revenue over the last 18 quarters.

Advan Hits: JWN correlation traffic vs revenue

Notable Hit 2: (BURL:NYSE) On Thursday August 29, 2024 Burlington Stores, Inc. (BURL) posted revenues of $2.46 bn surpassing the analysts estimate by 3% and in the same direction as Advan's forecasted sales. Advan's data showed a 7.3% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 13.1% YoY. As a result, the stock opened +3.5% from previous close. Advan's footfall data has a correlation of 0.93 on a YoY basis with BURL's top-line revenue over the last 18 quarters.

Advan Hits: BURL correlation traffic vs revenue

Notable Hit 3: (FIVE:NYSE) On Thursday August 29, 2024 Five Below, Inc. (FIVE) posted revenues of $830.07 mm surpassing the analysts estimate by 0.97% and in the same direction as Advan's forecasted sales. Advan's data showed a 7.4% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 9.4% YoY. Advan's footfall data has a correlation of 0.94 on a YoY basis with FIVE's top-line revenue over the last 18 quarters.

Advan Hits: FIVE correlation traffic vs revenue

Notable Hit 4: (AEO:NYSE) On Thursday August 29, 2024 American Eagle Outfitters, Inc. (AEO) posted revenues of $1.29 bn missing the analysts estimate by -0.76% and in the same direction as Advan's forecasted sales. Advan's data showed a 7.4% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 5.9% YoY. Advan's footfall data has a correlation of 0.93 on a YoY basis with FIVE's top-line revenue over the last 18 quarters.

Advan Hits: AEO 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.