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Advan Notable Hits: Penn National Gaming, Inc. (PENN) & Capri Holdings Limited (CPRI)

Source: https://advanresearch.com/penn-capri-q421-foottraffic-revenue-correlation

Notable Hit: (PENN:NASDAQ) On Thursday February 3, 2022 Penn National Gaming, Inc. (PENN) posted better-than-expected revenues of $1.57bn surpassing the consensus estimate of $1.49bn or by +5.4% and in the same direction as Advan’s forecasted sales. The revenue was up 53% YoY - Advan’s foot traffic data captured an increase in foot traffic of +43% YoY at its casinos for Q4 2021. The stock was up +11.5% the from previous close shortly after the opening bell. Advan’s footfall data has a correlation of 0.99 on a YoY basis with PENN’s top-line revenue over the last 12 quarters.

Notable Hit: (CPRI:NYSE) On Wednesday February 2, 2022 Capri Holdings Limited (CPRI), the parent company of Versace, Jimmy Choo and Michael Kors posted better-than-expected revenues of $1.609bn surpassing the consensus estimate of $1.47bn or by +9.45% and in the same direction as Advan’s forecasted sales. The revenue was up 24% YoY - Advan’s foot traffic data captured an increase in foot traffic of +16% YoY at stores overall for the three brands for Q4 2021. The stock opened +8.5% the from previous close. Advan’s footfall data has a correlation of 0.98 on a YoY basis with CPRI’s top-line revenue over the last 12 quarters.

To learn more about the data behind this article and what Advan has to offer, visit https://advanresearch.com/.

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DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us