Advan Notable Hits: Sally Beauty (SBH)

November 15, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (SBH:NYSE) On Thursday November 14, 2024 Sally Beauty (SBH) posted revenues of $935.03 mm meeting the analysts estimates and in the same direction as Advan's forecasted sales. Advan's data showed a 4.3% increase YoY in foot traffic to its stores in Q3 2024; the company's revenue increased 1.5% YoY. The stock up 12% from previous close. Advan's footfall data has a correlation of 0.94 on a YoY basis with SBH's top-line revenue over the last 19 quarters.

Advan Hits: SBH 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.