Weekly Truist Card Data for Goods - Apparel & Accessories Ending 07/11/2026

Research evidence excerpt

Weekly Truist Card Data for Goods - Apparel & Accessories Ending 07/11/2026

Truist Securities

Equity Research Report July 15, 2026

Weekly Truist Card Data for Goods - ::DataDriven

by Truist Securities Apparel & Accessories Ending 07/11/2026

In this bi-weekly report, we examine Goods with a focus on 18 brands across Non-

Athletic Footwear, Accessories, Children’s Apparel, Mall Apparel, & Online Apparel.

The Truist Card Data (herein also referred to as “the Data”) implies Boot Barn (BOOT, JP Gravitt NR) has decelerated over the past two weeks, while Urban Outfitters (URBN, NR) has 212-590-0947

John.Gravitt@truist.com accelerated. The Data implies growth has been negative at Designer Brands (DBI, NR)

for the past eleven weeks. The Data implies spend and average order value (AOV)

growth have fallen in recent months at Ralph Lauren (RL, NR). The Data implies Carter's Timothy McLynn (CRI, NR) & Signet (SIG, NR) are decelerating in July MTD. 212-590-0979

Timothy.McLynn@truist.com

Of the 18 brands in this note, their respective outlooks look weak, as implied by the

Hasan Iqbal Truist Card Data, which shows 2 brands are tracking ahead of consensus, and 14

404-813-7985 brands are tracking behind consensus. Hasan.Iqbal@truist.com

The names included in this report:

Nicholas Ramallo, CFA

404-926-5382

Nicholas.Ramallo@truist.com

8 Page Document

Reasons for this report

✓ Bi-Weekly Truist Card Data Update -

Apparel & Accessories

Source: Truist Securities DataDriven Team

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.