Advan Notable Hits: Shake Shack (SHAK), Caesars (CZR) & Brinker (EAT)

November 1, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (SHAK:NYSE) On Wednesday October 30, 2024 Shake Shack Inc. (SHAK) posted revenues of $316.9 mm surpassing the mean analysts estimates by 0.3% and in the same direction as Advan's forecasted sales. Advan's data showed a 15.7% increase YoY in foot traffic to its restaurants in Q3 2024; the company's revenue increased 14.7% YoY. The stock next day closed up +7.8% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with SHAK's top-line revenue over the last 19 quarters.

Advan Hits: SHAK correlation traffic vs revenue

Notable Hit 2: (CZR:NASDAQ) On Tuesday October 29, 2024 Caesars Entertainment, Inc. (CZR) posted revenues of $2.874 bn missing the mean analysts estimates by 2.2% and in the same direction as Advan's forecasted sales. Advan's data showed a 1% decrease YoY in foot traffic to its casinos in Q3 2024; the company's revenue decreased 4% YoY. The stock next day was down 8.2% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with CZR's top-line revenue over the last 19 quarters.

Advan Hits: CZR correlation traffic vs revenue

Notable Hit 3: (EAT:NYSE) On Wednesday October 30, 2024 Brinker International, Inc. (EAT) posted revenues of $1.139 bn surpassing the mean analysts estimates by 4.5% and in the same direction as Advan's forecasted sales. Advan's data showed a 7.6% increase YoY in foot traffic to its restaurants in Q3 2024; the company's revenue increased 12.5% YoY. The stock next day closed up 7.5% from previous close. Advan's footfall data has a correlation of 0.94 on a YoY basis with EAT's top-line revenue over the last 19 quarters.

Advan Hits: EAT 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.