Advan Notable Hits: THOR Industries, Inc. (THO) & Ollie's Bargain Outlet Holdings, Inc. (OLLI)

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

Notable Hit 1: (THO:NYSE) On Wednesday December 6, 2023 THOR Industries, Inc. (THO) posted revenues of $2.5 bn missing the mean analyst estimate of $2.55 bn and in the same direction as Advan's forecasted sales. The revenue decreased 19.5% YoY inline with Advan's foot traffic data decrease of 24.6% YoY at its manufacturing facilities in Q1 2024 fiscal. Advan's footfall data has a correlation of 0.99 on a YoY basis with THO's top-line revenue over the last 14 quarters.

Advan Hits: THO correlation traffic vs revenue

Notable Hit 2: (OLLI:NASDAQ) On Wednesday December 6, 2023 Ollie's Bargain Outlet Holdings, Inc. (OLLI) posted revenues of $480.05 mm beating the mean analyst estimate of $469 mm and in the same direction as Advan's forecasted sales. The revenue increased 14.8% YoY inline with Advan's foot traffic data increase of 21.5% YoY at its stores in Q3 2023. The stock next day opened +2.95% from previous close. Advan's footfall data has a correlation of 0.93 on a YoY basis with OLLI's top-line revenue over the last 14 quarters.

Advan Hits: OLLI 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.