Advan Notable Hits: NIKE, Inc. (NKE)

Notable Hit 1: (NKE:NYSE) On Thursday June 29, 2023 NIKE, Inc. (NKE) posted revenues of $12.83 bn beating the mean analyst estimates of $12.56 bn and in the same direction as Advan's forecasted sales. The revenue increased 4.8% YoY - in line with Advan's foot traffic data increase of 1% YoY across all of its Nike stores and its subsidiaries including Converse, in Q4 2022 fiscal. Advan's footfall data have a correlation of 0.96 on a YoY basis with NKE's top-line revenue over the last 10 quarters.

Advan Hits: NKE 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.