Advan Notable Hits: Thor (THO), Casey's (CASY) & Vail Resorts (MTN)

Notable Hit 1: (THO:NYSE) On Wednesday June 9, 2021 Thor Industries, Inc. (THO) posted better-than-expected revenues of $3.46bn surpassing the consensus estimate of $2.96bn (-14.54%) and in the same direction as Advan's forecasted sales. The revenue was +105.7% YoY - Advan's foot traffic data captured an increase in employee traffic of +90.85% YoY and +47.8% YoY in overall traffic at its factories. Advan's footfall (employee) data has over 0.85 correlation on a YoY basis with Thor's top-line revenue over the last 9 quarters and 0.94 correlation with overall traffic over the course of 10 quarters.

Advan Hits: THO correlation traffic vs revenue
Advan Hits: THO correlation traffic vs revenue

Notable Hit 2: (CASY:NASDAQ) On Wednesday June 9, 2021 Casey's General Stores, Inc. (CASY) posted better-than-expected revenues of $2.38bn surpassing the consensus estimate of $2.16bn (-8.97%) and in the same direction as Advan's forecasted sales. The revenue was +31.19% YoY - Advan's foot traffic data captured an increase in traffic of +36.63% YoY. Advan's footfall data has over 0.86 correlation on a YoY basis with Casey's top-line revenue over the last 10 quarters.

Advan Hits: CASY correlation traffic vs revenue

Notable Hit 3: (MTN:NYSE) On Tuesday June 8, 2021 Vail Resorts, Inc. (MTN) posted better-than-expected revenues of $889.08mm surpassing the consensus estimate of $885.23mm (-0.43%) and in the same direction as Advan's forecasted sales. The revenue was +28.09% YoY - Advan's foot traffic data captured an increase in traffic of +49.51% YoY. Advan's footfall data has over 0.85 correlation on a YoY basis with Vail's top-line revenue over the last 10 quarters.

Advan Hits: MTN 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.