Advan Notable Hits: Kohl's Corporation (KSS) & Ulta Beauty, Inc. (ULTA)

Notable Hit 1: (KSS:NYSE) On Tuesday March 12, 2024 Kohl's Corporation (KSS) posted revenues of $5.96 bn surpassing the analysts estimate by 2.9% and in the same direction as Advan's forecasted sales. Advan's data showed a 3.6% decrease YoY in foot traffic to its stores in Q4 2023; the company's revenue decreased 1% YoY. The stock closed down 6.7% from previous closing. Advan's footfall data has a correlation of 0.99 on a YoY basis with KSS's top-line revenue over the last 16 quarters.

Advan Hits: KSS correlation traffic vs revenue

Notable Hit 2: (ULTA:NASDAQ) On Tuesday March 5, 2024 Ulta Beauty, Inc. (ULTA) posted revenues of $3.55 bn surpassing the analysts estimate by 0.56% and in the same direction as Advan's forecasted sales. Advan's data showed a 4.1% increase YoY in foot traffic to its stores in Q4 2023; the company's revenue increased 10% YoY. The stock was up 1.3% from previous closing. Advan's footfall data has a correlation of 0.92 on a YoY basis with ULTA's top-line revenue over the last 16 quarters.

Advan Hits: ULTA 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.