Advan Notable Hits: The TJX Companies, Inc. (TJX) & Ross Stores, Inc. (ROST)

Notable Hit 1: (TJX:NYSE) On Wednesday May 17, 2023 The TJX Companies, Inc. (TJX) posted revenues of $11.78 bn and in the same direction as Advan's forecasted sales. The revenue increased 3% YoY - in line with Advan's foot traffic data increase of 1% across all of its stores and subsidiaries in Q1 2023. Advan's footfall data have a correlation of 0.98 on a YoY basis with TJX's top-line revenue over the last 12 quarters.

Advan Hits: TJX correlation traffic vs revenue

Notable Hit 2: (ROST:NASDAQ) On Thursday May 18, 2023 Ross Stores, Inc. (ROST) posted revenues of $4.49 bn and in the same direction as Advan's forecasted sales. The revenue increased 4% YoY and in line with Advan's vehicle traffic data increase of 14% YoY at its stores in Q1 2023. The stock was +2.4% in the after-hours trading session. Advan's vehicle data has a correlation of 0.97 on a YoY basis with ROST's top-line revenue over the last 14 quarters.

Advan Hits: ROST 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.