Weekly Truist Card Data for Services - Restaurants & Airlines Ending 7/4/26

Research evidence excerpt

Weekly Truist Card Data for Services - Restaurants & Airlines Ending 7/4/26

Truist Securities

Equity Research Report July 8, 2026

Weekly Truist Card Data for Services - ::DataDriven

by Truist Securities Restaurants & Airlines Ending 7/4/26

In this bi-weekly report, we examine Services with a focus on the Restaurant sector

and the Airlines sector.

JP Gravitt The Truist Card Data (herein referred to as “the Data”) is implying that Cheesecake

212-590-0947 Factory (CAKE, NR), First Watch (FWRG, NR), Cracker Barrel (CBRL, NR), Cava

John.Gravitt@truist.com

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

NR), and Starbucks (SBUX, NR) are tracking ahead of Street expectations among the

Timothy McLynn Restaurant brands.

212-590-0979

Timothy.McLynn@truist.com

The Data is also implying that Delta (DAL, NR), United (UAL, NR), and Southwest (LUV,

NR) are tracking ahead of Street expectations among the Airlines brands. Hasan Iqbal

404-813-7985

Hasan.Iqbal@truist.com

Nicholas Ramallo, CFA

404-926-5382

Nicholas.Ramallo@truist.com

9 Page Document

Reasons for this report

✓ Weekly Truist Card Update - Restaurants &

Airlines

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.