Advan Notable Hits: TJX Companies, ROSS Stores, Shoe Carnival, Monroe & Macy's

Notable Hit 1: (TJX:NYSE) On Wednesday May 22, 2024 The TJX Companies, Inc. (TJX) posted revenues of $12.48 bn meeting the analysts estimate and in the same direction as Advan's forecasted sales. Advan's data showed a 5.9% increase YoY in foot traffic to its US stores (subsidiaries included) in Q1 2024; the company's revenue increased 5.9% YoY. After the announcement, the stock went up 7.5% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with TJX's top-line revenue over the last 17 quarters.

Advan Hits: TJX correlation traffic vs revenue

Notable Hit 2: (ROST:NASDAQ) On Thursday May 23, 2024 Ross Stores, Inc. (ROST) posted revenues of $4.86 bn surpassing the analysts estimate by 4.3% and in the same direction as Advan's forecasted sales. Advan's data showed a 5% increase YoY in foot traffic to its stores (subsidiary included) in Q1 2024; the company's revenue increased 8.1% YoY. The stock next day was up 9.3% 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 17 quarters.

Advan Hits: ROST correlation traffic vs revenue

Notable Hit 3: (SCVL:NASDAQ) On Thursday May 23, 2024 Shoe Carnival, Inc. (SCVL) posted revenues of $300.37 mm surpassing the analysts estimate by 1.7% and in the same direction as Advan's forecasted sales. Advan's data showed an 1% increase YoY in foot traffic to its stores in Q1 2024; the company's revenue increased 5.5% YoY. After the announcement, the stock closed up 5.5% from previous close. Advan's footfall data has a correlation of 0.95 on a YoY basis with SCVL's top-line revenue over the last 15 quarters.

Advan Hits: SCVL correlation traffic vs revenue

Notable Hit 4: (MNRO:NASDAQ) On Thursday May 23, 2024 Monro, Inc. (MNRO) posted revenues of $310.08 mm missing the analysts estimate by 3.7% and in the same direction as Advan's forecasted sales. Advan's data showed that foot traffic to its locations was flat (0%) YoY in Q1 2024; the company's revenue was down 0.2% YoY. After the announcement, the stock closed down 11.8% from previous close. Advan's footfall data has a correlation of 0.94 on a YoY basis with MNRO's top-line revenue over the last 14 quarters.

Advan Hits: MNRO correlation traffic vs revenue

Notable Hit 5: (M:NYSE) On Tuesday May 21, 2024 Macy's, Inc. (M) posted revenues of $5 bn surpassing the analysts estimate by 2.8% and in the same direction as Advan's forecasted sales. Advan's data showed a -0.2% decrease YoY in foot traffic to its stores (subsidiaries included) in Q1 2024; the company's revenue decreased 3.3% YoY. Advan's footfall data has a correlation of 0.92 on a YoY basis with M's top-line revenue over the last 17 quarters.

Advan Hits: M 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.