Weekly Truist Card Data for Services - Restaurants Ending 6/20/26

Research evidence excerpt

Weekly Truist Card Data for Services - Restaurants Ending 6/20/26

Truist Securities

Equity Research Report June 24, 2026

Weekly Truist Card Data for Services - ::DataDriven

by Truist Securities Restaurants Ending 6/20/26

In this bi-weekly report, we examine Services with a focus on 21 brands across the

Restaurant sector.

JP Gravitt

212-590-0947 The Truist Card Data (herein referred to as “the Data”) is implying that Cheesecake

John.Gravitt@truist.com Factory (CAKE, NR), First Watch (FWRG, NR), Cracker Barrel (CBRL, NR), Cava

(CAVA, NR), Red Robin (RRGB, NR), Shake Shack (SHAK, NR), Burger King (QSR,

Timothy McLynn NR), Starbucks (SBUX, NR), and Toast (TOST, Buy, Coad) are tracking ahead of Street

212-590-0979 expectations.

Timothy.McLynn@truist.com

Hasan Iqbal

404-813-7985

Hasan.Iqbal@truist.com

Nicholas Ramallo, CFA

404-926-5382

Nicholas.Ramallo@truist.com

8 Page Document

Reasons for this report

✓ Weekly Truist Card Update - Restaurants

Source: Truist Securities DataDriven Team. Note that Estimate refers to consensus estimates

We will regularly update different sectors and roughly 150 companies in this format

comparing Truist Card Data insights versus Street consensus expectations with an

easy-to-follow table seen on the following page. Companies will appear on this list

after 30 days into their current quarter.

Please contact your Truist Securities Salesperson to further discuss the data.

Note: The analyses performed by the Truist Securities’ DataDriven Team

are based upon transaction data generated from anonymized Truist Banks,

Inc. credit and debit cards, and/or, when specified, other data sources.

These analyses are periodic and systematic, are not meant to convey

recommendations of any securities and do not contain information sufficient