Advan Notable Hits: TJX Companies (TJX) & Ross Stores (ROST)

August 23, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (TJX:NYSE) On Wednesday August 21, 2024 The TJX Companies, Inc. (TJX) posted revenues of $13.48 bn surpassing the analysts estimate by 1.2% and in the same direction as Advan's forecasted sales. Advan's data showed a 8.9% increase YoY in foot traffic across all of its retail chains in Q2 2024; the company's revenue increased 5.6% YoY. As a result, the stock closed +6% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with TJX's top-line revenue over the last 18 quarters.

Advan Hits: TJX correlation traffic vs revenue

Notable Hit 2: (ROST:NASDAQ) On Thursday August 22, 2024 Ross Stores, Inc. (ROST) posted revenues of $5.29 bn surpassing the analysts estimate by 0.95% and in the same direction as Advan's forecasted sales. Advan's data showed a 8.6% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 7.2% YoY. As a result, the stock next day opened +7.1% from previous close. Advan's footfall data has a correlation of 0.95 on a YoY basis with ROST's top-line revenue over the last 18 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.