As businesses navigate the post-pandemic world, the return to office (RTO) trends offer a fascinating glimpse into the evolving work culture across the United States. Data from Advan, the leading provider of accurate cellphone location data, reveals intriguing patterns in office foot traffic, shedding light on employee behaviors and corporate policies throughout 2023 and into early 2024. Last year began with a strong turnout, with January 2023 seeing a significant 37% increase in office visits compared to the previous year.

Notable Hit 1: (CMG:NYSE) On Thursday April 25, 2024 Chipotle Mexican Grill, Inc. (CMG) posted revenues of $2.7 bn surpassing the analysts estimate by 2% and in the same direction as Advan’s forecasted sales. Advan’s data showed a 11% increase YoY in foot traffic to its stores in Q1 2024; the company’s revenue increased 14% YoY. The stock next day was trading up 2% from previous close. Advan’s footfall data has a correlation of 0.

Notable Hit 1: (DRI:NYSE) On Thursday March 21, 2024 Darden Restaurants, Inc. (DRI) posted revenues of $2.97 bn slightly missing the analysts estimate by 2% and in the same direction as Advan’s forecasted sales. Advan’s data showed a 4.5% increase YoY in foot traffic to its stores in Q4 2023; the company’s revenue increase 6.8% YoY. Advan’s footfall data has a correlation of 0.95 on a YoY basis with DRI’s top-line revenue over the last 16 quarters.

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.

Notable Hit 1: (BURL:NYSE) On Thursday March 7, 2024 Burlington Stores, Inc. (BURL) posted revenues of $3.12 bn surpassing the analysts estimate by 4% and in the same direction as Advan’s forecasted sales. Advan’s data showed a 6.7% increase YoY in foot traffic to its stores in Q4 2023; the company’s revenue increased 13.9% YoY. The stock opened up 7.8% from previous close. Advan’s footfall data has a correlation of 0.

Notable Hit 1: (SIX:NYSE) On Thursday February 29, 2024 Six Flags Entertainment Corporation (SIX) posted revenues of $292.6 mm slightly missing the analysts estimate by 0.8% and in the same direction as Advan’s forecasted sales. Advan’s data showed a 1.7% increase YoY in foot traffic to its amusement parks in Q4 2023; the company’s revenue increased 4.5% YoY. The stock opened up 3% from previous close. Advan’s footfall data has a correlation of 0.

Notable Hit 1: (CZR:NASDAQ) On Tuesday February 20, 2024 Caesars Entertainment, Inc. (CZR) posted revenues of $2.85 bn slightly missing the analysts estimate by 0.8% and in the same direction as Advan’s forecasted sales. Advan’s data showed a 0.6% increase YoY in foot traffic at its resorts in Q4 2023; the company’s revenue increased 0.1% YoY. Advan’s footfall data has a correlation of 0.96 on a YoY basis with CZR’s top-line revenue over the last 16 quarters.

In the high-stakes arena of hedge fund management, the difference between a good and a great investment often lies in the quality of intelligence at one’s disposal. Enter Advan FIT, the Financial Terminal that transforms foot traffic analytics into a competitive edge for institutional investors. Here’s how hedge funds are using Advan FIT to refine their strategies and stay one step ahead of the market. Tracking Brand or Sector Visitation

Notable Hit 1: (SHAK:NYSE) On Thursday February 15, 2024 Shake Shack Inc. (SHAK) posted revenues of $286.2 mm surpassing the analysts estimate by 2.1% and in the same direction as Advan’s forecasted sales. Advan’s foot traffic data showed 5% increase YoY at its stores in Q4 2023; the company’s revenue increased 20% YoY. The stock next day was up +25%. Advan’s footfall data has a correlation of 0.96 on a YoY basis with SHAK’s top-line revenue over the last 15 quarters.

In the dynamic world of Commercial Real Estate (CRE), making informed decisions is pivotal. REveal stands as a beacon, providing robust analytics that transform data into actionable insights. Here is how CRE investors can harness the power of REveal to scout, assess, and invest with confidence. Hyper-Targeted Location Insights REveal’s foot traffic data offers a window into the soul of a location. By understanding who frequents an area, investors can match properties with the perfect tenant profile.