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

November 18, 2022 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit: (TJX:NYSE) On Wednesday November 16, 2022 The TJX Companies, Inc. (TJX) posted revenues of $12.17bn missing the consensus estimate by -1% and in the same direction as Advan's forecasted sales. The revenue decreased 2.9% YoY - in line with Advan's foot traffic data decrease of 4.8% YoY across all of its apparel and home goods stores for Q3 2022. Advan's footfall data has a correlation of 0.98 on a YoY basis with TJX's top-line revenue over the last 15 quarters.

Advan Hits: TJX 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.