Consumer spending remains robust, particularly in experience-based categories like travel and dining, areas ideally suited for premium cards.
Nov 8, 2024 / CEO / receipt, needs a key / John Wilk, CEO | earnings call 2024-11-08 | transcript 2d193cf6-da53-4c6a-8cce-faf22286b278 | chars 8058-8199 | segment 8
Card issuers are finding that their fee-based products remain attractive for both new and existing consumers, and that travel and entertainment remain one of the strongest segments of consumer spend.
Mar 1, 2023 / CEO / receipt, needs a key / John Wilk, CEO | earnings call 2023-03-01 | transcript 0511c2e4-981b-44eb-be3e-593344d3fc73 | chars 9102-9301 | segment 8
Our growth trajectory is supported by positive card issuer trends, including high consumer and business demand for premium cards, and spending in such areas as travel, entertainment, and services, and growth in new customer card acquisitions for card issuers.
Nov 2, 2022 / CEO / receipt, needs a key / John Wilk, CEO | earnings call 2022-11-02 | transcript 4240b57d-8c6c-4226-9da0-0413d29faa74 | chars 3421-3680 | segment 3
Card issuers are experiencing record spending levels by their customers, supported by travel, entertainment, and goods and services. For example, Amex stated that millennials and Gen Z spending was up 39% year over year in the quarter, and that US SME spending grew 17% in the quarter. They also noted that offline spending was back above pre-pandemic levels, highlighting that consumers are out shopping and spending.
Nov 2, 2022 / CEO / receipt, needs a key / John Wilk, CEO | earnings call 2022-11-02 | transcript 4240b57d-8c6c-4226-9da0-0413d29faa74 | chars 9300-9718 | segment 9
They also stated that investments to drive customer engagement, acquisitions, and retention continue. to generate results with card member spending at near record levels in the quarter and highlighted the fact that the strength of the rebound in travel spending has exceeded expectations throughout the year and total T&E spending was up 57% in the third quarter from a year earlier.
Nov 2, 2022 / CEO / receipt, needs a key / John Wilk, CEO | earnings call 2022-11-02 | transcript 4240b57d-8c6c-4226-9da0-0413d29faa74 | chars 10641-11024 | segment 11
In the first quarter, we established early momentum and we achieved new record sales and profitability. I'm pleased to announce that we had another outstanding quarter, and I'd like to start by thanking our nearly 800 employees for their contributions that have helped us accelerate our growth. For the second quarter, we achieved net sales of 97 million, which is 55% higher year over year and up 15% sequentially, driven by strong sales execution and growth across new and existing accounts. In addition, our performance continues to be bolstered by consistent card issuer trends including a robust demand for travel and entertainment spending, growth in solicitations, growth in new customer card acquisitions, and demand for premium metal card products.
Aug 4, 2022 / CEO / receipt, needs a key / John Wilk, CEO | earnings call 2022-08-04 | transcript cd07a3e1-f843-4c86-b0d7-7c419903b5bf | chars 3303-4060 | segment 3
On the left-hand side of slide four, we're showing our largest customers purchase volume growth based on publicly available data. which remains well above pandemic levels. In the recent earnings announcements, we've heard several of our top customers refer to how they're seeing spending in such areas as travel and entertainment, as well as premium goods and services, where pent-up demand continues to drive consumer spend.
Aug 4, 2022 / CEO / receipt, needs a key / John Wilk, CEO | earnings call 2022-08-04 | transcript cd07a3e1-f843-4c86-b0d7-7c419903b5bf | chars 10087-10512 | segment 10