Advan Notable Hits: RH (RH) & La-Z-Boy (LZB)

Notable Hit: (RH:NYSE) On Wednesday June 9, 2021 RH (RH) posted better-than-expected revenues of $860.79mm surpassing the consensus estimate of $746.1mm (-13.22%) and in the same direction as Advan's forecasted sales. The revenue was +78.25% YoY - Advan's foot traffic data captured an increase in traffic of +121.85% YoY. Advan's footfall data has 0.93 correlation on a YoY basis with RH's top-line revenue over the last 10 quarters.

Advan Hits: RH correlation traffic vs revenue

Notable Hit 2: (LZB:NYSE) On Tuesday June 15, 2021 La-Z-Boy Incorporated (LZB) posted better-than-expected revenues of $519.47mm surpassing the consensus estimate of $498.53mm (-4.03%) and in the same direction as Advan's forecasted sales. The revenue was +41.44% YoY - Advan's foot traffic data captured an increase in traffic of +42.52% YoY. Advan's footfall data has 0.87 correlation on a YoY basis with LZB's top-line revenue over the last 10 quarters.

Advan Hits: LZB 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.