Advan Notable Hits:Dave & Buster's (PLAY) & Express, Inc. (EXPR)

September 8, 2023 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1:(PLAY:NYSE) On Wednesday September 6, 2023 Dave & Buster's (PLAY) posted revenues of $542.1 mm following the same direction as Advan's forecasted sales. The revenue increased 15.7% YoY-following Advan's foot traffic data increase of 22% YoY across its restaurants in Q2 2023 fiscal. Advan's footfall data have a correlation of 0.99 on a YoY basis with PLAY's top-line revenue over the last 14 quarters.

Advan Hits: PLAY correlation traffic vs revenue

Notable Hit 2: (EXPR:NYSE) On Wednesday September 6, 2023 Express (EXPR) posted revenues of $435.3 mm missing the mean analyst estimates of $440.6 mm and in the same direction as Advan's forecasted sales. The revenue decreased 6% YoY following Advan's foot traffic data decrease of 2% YoY across all of its stores in Q2 2023 fiscal. Advan's footfall data have a correlation of 0.96 on a YoY basis with EXPR's top-line revenue over the last 15 quarters.

Advan Hits: EXPR 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.