Holiday Sales Top Estimates With Boost From Online Shopping, Mastercard Says [Yahoo! Finance]
Mastercard Incorporated (MA)
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Source: Yahoo! Finance
Holiday retail sales rose 3.8% year-over-year, topping earlier estimates with a boost from online shopping, according to Mastercard. Mastercard's SpendingPulse survey showed online sales from Nov. 1 through Dec. 24 grew 6.9% from 2023, while in-store sales were up 2.9%. Mastercard suggested demand was driven by consumers looking for deals, and retailers responding with promotions. This year's holiday retail sales topped estimates with a boost from online shopping, according to Mastercard. Mastercard's SpendingPulse survey found retail sales, excluding auto sales, rose 3.8% in the period from Nov. 1 through Dec. 24 compared to 2023. That's up from 3.1% the year before and above earlier estimates of a 3.2% rise. A surge in spending online helped fuel much of the gains, with online sales up 6.9%. By contrast, in-store sales climbed 2.9%. Mastercard also said that 10% of all the buying took place in the last five days before Christmas. "The holiday shopping season revealed a
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- Netflix scores a record-setting touchdown with its NFL streaming on Christmas Day [Fortune]Fortune
- Cart.com President Talks Peak Season, De Minimis and Billion-Dollar Ambitions [Yahoo! Finance]Yahoo! Finance
- MasterCard (MA) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- This Week In Credit Card News: CFPB Calls Out Some Illegal Card Practices [Forbes]Forbes
- Mastercard reports holiday retail spending stronger than last year Mastercard said consumers were "value-minded" and shopped at both brick-and-mortar stores and online platforms in search of attractive deals. USA TODAY [USA TODAY]USA TODAY
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Earnings
- 11/1/24 - Beat
MA
Sec Filings
- 12/9/24 - Form 4
- 11/13/24 - Form 8-K
- 11/12/24 - Form 144
- MA's page on the SEC website