Total Weekly Truist Card Data Ending 6/15/26: Mid-Month Malaise

Research evidence excerpt

Total Weekly Truist Card Data Ending 6/15/26: Mid-Month Malaise

Truist Securities

Equity Research Report June 22, 2026

Total Weekly Truist Card Data Ending ::DataDriven

by Truist Securities 6/15/26: Mid-Month Malaise

The Truist Card Data (herein referred to as “the Data”) is implying Total Spend growth

of +2.4% Y/Y 15 days into June. This is 300bps below May’s reading on roughly flat

comps. JP Gravitt

212-590-0947 March, April, and May did have increased gasoline prices for consumers, but the Data

John.Gravitt@truist.com

implied robust levels of Y/Y spend growth. Now 15 days into June we are observing

weakness in both Goods and Services which has resulted in a dip in Total Spend.

Timothy McLynn

212-590-0979

Timothy.McLynn@truist.com • The Total Truist Card Spend Data through June 15th shows growth of +2.4% Y/Y

unadjusted, down 300bps from May.

Hasan Iqbal • Goods Spend for June MTD is +0.9% Y/Y unadjusted. This is down 370bps from

404-813-7985 May's reading.

Hasan.Iqbal@truist.com

• Services Spend for June thus far is +4.3% Y/Y unadjusted, down 210bps from May's

reading. Nicholas Ramallo, CFA

404-926-5382 • Companies accelerating in June MTD:

Nicholas.Ramallo@truist.com

Valvoline (VVV, NR), Summit Racing (Private), Take 5 Oil Change (DRVN, NR),

Bath & Body Works (BBWI, NR), Cosmoprof (SBH, NR), Affirm (AFRM, Buy, Coad),

10 Page Document BetRivers.com (RSI, NR), PrizePicks (Private), SeatGeek (private), DraftKings.com

(DKNG, Buy, Jonas)

Reasons for this report • Companies decelerating in June MTD:

Ralph Lauren (RL, NR), Coach (TPR, NR), Macy’s (M, NR), Dillard’s (DDS, NR), ✓ Weekly Truist Card Data Update Nordstrom (Private), Alo Yoga (Private), Nike (NKE, Buy, Civello), Foot Locker (DKS,

Buy, Civello), Applebee’s (DIN, NR), Longhorn Steakhouse (DRI, NR), Ihop (DIN,