Advan Notable Hits:The TJX Companies (TJX), The Home Depot (HD), Steven Madden (SHOO), Sally Beauty (SBH) & Sotherly Hotels (SOHO)

November 17, 2023 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (TJX:NYSE) On Wednesday November 15, 2023 The TJX Companies (TJX) posted revenues of $13.26 bn surpassing the mean analyst estimate of $13.05bn and in the same direction as Advan's forecasted sales. The revenue increased 9% YoY inline with Advan's foot traffic data increase of 15% YoY across its stores and subsidiaries in Q3 2023 fiscal. Advan's footfall data has a correlation of 0.97 on a YoY basis with TJX's top-line revenue over the last 15 quarters.

Advan Hits: TJX correlation traffic vs revenue

Notable Hit 2: (HD:NYSE) On Tuesday November 14, 2023 The Home Depot, Inc. (HD) posted revenues of $37.71 bn aligning with the mean analyst estimate and in the same direction as Advan's forecasted sales. The revenue decreased 3% YoY - in line with Advan's foot traffic data showed an decrease of 9.7% YoY at its stores in Q3 2023 fiscal. Advan's footfall data has a correlation of 0.92 on a YoY basis with HD's top-line revenue over the last 16 quarters.

Advan Hits: HD correlation traffic vs revenue

Notable Hit 3: (SHOO:NASDAQ) On Tuesday November 8, 2023 Steven Madden, Ltd. (SHOO) posted revenues of $552.73mm surpassing the mean analyst estimate of $548.79 mm and in the same direction as Advan's forecasted sales. The revenue decreased 0.1% YoY inline with Advan's foot traffic data decrease of 0.5% YoY at its stors in Q3 2023. Advan's footfall data has a correlation of 0.92 on a YoY basis with SHOO's top-line revenue over the last 15 quarters.

Advan Hits: SHOO correlation traffic vs revenue

Notable Hit 4: (SBH:NYSE) On Wednesday November 15, 2023 Sally Beauty's (SBH) posted revenues of $921.36 mm missing the mean analyst estimate of $930.44 mm and in the same direction as Advan's forecasted sales. The revenue decreased 4.3% YoY inline with Advan's foot traffic data decrease of 4.9% YoY at its specialty stores in Q3 2023. Advan's footfall data has a correlation of 0.88 on a YoY basis with SBH's top-line revenue over the last 15 quarters.

Advan Hits: SBH correlation traffic vs revenue

Notable Hit 5: (SOHO:NASDAQ) On Thursday November 9, 2023 Sotherly Hotels Inc. (SOHO) posted revenues of $39.1 mm following the same direction as Advan's forecasted sales. The revenue remained stable year over year and Advan's foot traffic data showed an increase of 3.6% YoY at its hotels in Q3 2023 fiscal. Advan's footfall data has a correlation of 0.98 on a YoY basis with SOHO's top-line revenue over the last 15 quarters.

Advan Hits: SOHO 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.