Advan Notable Hits: THOR Industries, Five Below, Ollie's Bargain, Kirkland's

Notable Hit 1: (THO:NYSE) On Wednesday June 5, 2024 THOR Industries, Inc. (THO) posted revenues of $2.8 bn missing the analysts estimate by 12% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.9% decrease YoY in foot traffic to its manufacturing facilities in Q1 2024; the company's revenue decreased 4.3% YoY. As a result, the stock opened down 2.5% from previous close. Advan's footfall data has a correlation of 0.99 on a YoY basis with THO's top-line revenue over the last 17 quarters.

Advan Hits: THO correlation traffic vs revenue

Notable Hit 2: (FIVE:NASDAQ) On Thursday May 30, 2024 Five Below, Inc. (FIVE) posted revenues of $811.9 mm missing the analysts estimate by 3.3% and in the same direction as Advan's forecasted sales. Advan's data showed a 6.2% increase YoY in foot traffic to its stores in Q1 2024; the company's revenue increased 11.8% YoY. Advan's footfall data has a correlation of 0.94 on a YoY basis with FIVE's top-line revenue over the last 15 quarters.

Advan Hits: FIVE correlation traffic vs revenue

Notable Hit 3: (OLLI:NASDAQ) On Wednesday June 5 2024 Ollie's Bargain Outlet Holdings, Inc. (OLLI) posted revenues of $508.82 mm surpassing the analysts estimate by 6.6% and in the same direction as Advan's forecasted sales. Advan's data showed 11.9% increase YoY in foot traffic to its stores in Q1 2024; the company's revenue increased 10.8% YoY. As a result, the stock closed up 9.5% Advan's footfall data has a correlation of 0.93 on a YoY basis with OLLI's top-line revenue over the last 18 quarters.

Advan Hits: OLLI correlation traffic vs revenue

Notable Hit 4: (KIRK:NASDAQ) On Thursday June 6, 2024 Kirkland's, Inc. (KIRK) posted revenues of $91.75 mm missing the analysts estimate by 0.8% and in the same direction as Advan's forecasted sales. Advan's data showed a 0.3% decrease YoY in foot traffic to its stores in Q1 2024; the company's revenue decreased 5.3% YoY. As a result, the stock closed down 14% from previous close. Advan's footfall data has a correlation of 0.92 on a YoY basis with KIRK's top-line revenue over the last 13 quarters.

Advan Hits: KIRK 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.