Advan Notable Hit: Dave & Buster's (PLAY) & Casey's (CASY)

September 10, 2021 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (PLAY:NASDAQ) On Thursday September 9, 2021 Dave & Buster's (PLAY) posted better-than-expected revenues of $377.64mm beating the consensus estimate of $356.8mm (-5.5%) and in the same direction as Advan's forecasted sales. The revenue was +643% YoY - Advan's foot traffic data captured an increase in foot traffic of +337% YoY at its restaurants and arcade games for Q2 2021. As a result of beating the sales and EPS, the stock opened at $39.72, up +12% from its previous day's closing price. Advan's footfall data has a correlation of 0.99 on a YoY basis with PLAY's top-line revenue over the last 11 quarters.

Advan Hits: PLAY correlation traffic vs revenue

Notable Hit 2: (CASY:NASDAQ) On Wednesday September 8, 2021 Casey's General Stores, Inc. (CASY) posted better-than-expected revenues of $3.18bn beating the consensus estimate of 3.05bn (-4.13%) and in the same direction as Advan's forecasted sales. The revenue was +47.52% YoY - Advan's foot traffic data captured an increase in foot traffic of +51.16 % YoY at its stores for Q1 fiscal 2022. Advan's footfall data has a correlation of 0.9 on a YoY basis with CASY's top-line revenue over the last 11 quarters.

Advan Hits: CASY 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.