Advan Notable Hits: The TJX Companies, Inc. (TJX)

Notable Hit: (TJX:NYSE) On Wednesday August 17, 2022 The TJX Companies, Inc. (TJX) posted worse than expected revenues of $11.84bn missing the consensus estimate by -2.7% and in the same direction as Advan's forecasted sales. The revenue was down 1.9% YoY and in line with Advan's foot traffic data decrease of 4.9% YoY at its stores for Q2 2022. Advan's footfall data has a correlation of 0.98 on a YoY basis with TJX's top-line revenue over the last 14 quarters.

Advan Hits: DIN 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.