Did Your Holiday Shopping Follow National Trend? Mastercard's Data Shows Online Sales Surge And In-Store Rise
Portfolio Pulse from Nabaparna Bhattacharya
Mastercard Incorporated (NYSE:MA) reported that U.S. retail sales excluding automotive rose by 3.1% year-over-year this holiday season. Online sales surged by 6.3%, while in-store sales increased by 2.2%. Apparel and restaurant sectors saw increases, while jewelry and electronics experienced declines. The data reflects a strong labor market and easing inflation, suggesting a resilient economy despite the Federal Reserve's interest rate hikes.
December 26, 2023 | 2:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Mastercard's SpendingPulse report indicates a healthy increase in U.S. retail sales, with online sales outpacing in-store sales. This data could reflect positively on Mastercard's transaction processing business.
The reported increase in retail sales, particularly online, suggests higher transaction volumes processed by Mastercard, which could lead to increased revenues and potentially a positive impact on the stock price in the short term. The importance is rated at 80 due to the direct correlation between retail spending and Mastercard's core business, and the confidence is at 90, reflecting the clear connection but acknowledging market unpredictability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100