Consumer SpendingSofter consumer spend, as management called out that same-store sales turned negative across key verticals in 3Q.
Financial Performance3Q24 volume and net revenue results were short of Street estimates, with E2E volume at $43.5bn compared to Street at $46.0bn, and net revenue of $365.1mm compared to Street at $369.3mm.
Leadership ChangeThe unexpected departure of CEO Jared Isaacman to become NASA Administrator may negatively impact execution.