Advan Notable Hit: Tractor Supply Company (TSCO)

January 28, 2022 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit: (TSCO:NASDAQ) On Thursday January 27, 2022 Tractor Supply Company (TSCO) posted better-than-expected revenues of $3.32bn surpassing the consensus estimate of $3.21bn or by +3.4% and in the same direction as Advan's forecasted sales. The revenue was up 15% YoY - Advan's foot traffic data captured an increase in foot traffic of +25% YoY at its stores for Q4 2021. The stock opened +5.9% higher from previous close. Advan's footfall data has a correlation of 0.85 on a YoY basis with TSCO's top-line revenue over the last 12 quarters.

Advan Hits: TSCO 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.