Notable Hit: (BURL:NYSE) On Tuesday November 22, 2022 Burlington Stores, Inc. (BURL) posted revenues of $2.04bn missing the consensus estimate by -0.77% and in the same direction as Advan's forecasted sales. The revenue decreased 11.4% YoY - in line with Advan's foot traffic data decrease of 10.3% YoY across all of its apparel and home goods stores for Q3 2022. Advan's footfall data has a correlation of 0.91 on a YoY basis with BURL's top-line revenue over the last 16 quarters.
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.
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