February same-store sales increased 3.5% year-over-year* NEWARK, N.J., March 05, 2025 (GLOBE NEWSWIRE) -- NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for February 2025. As of February 28, 2025, the NRS retail network comprised approximately 34,800 active terminals nationwide, scanning purchases at approximately 30,300 independe ...

Core Insights - February same-store sales increased by 3.5% year-over-year, showing resilience despite a previous month increase of 4.7% [4] - The NRS retail network processed $1.7 billion in sales during February 2025, representing a 14% year-over-year increase [14] - The NRS network's same-store sales growth has outpaced the U.S. Commerce Department's data by an average of 1.0% over the past twelve months, although February's increase was 0.5% lower than the Department's [6] Sales Performance - Same-store sales increased 6.1% compared to January 2025, which had seen a decrease of 7.5% from December 2024 [4] - For the three months ending February 28, 2025, same-store sales rose by 2.7% compared to the same period a year ago [4] Units Sold - Units sold increased by 3.0% year-over-year, with a 5.0% increase compared to January 2025 [5] - In January 2025, units sold had decreased by 3.1% from December 2024 [5] Transaction Metrics - Baskets (transactions) per store decreased by 0.9% year-over-year but increased by 4.6% compared to January 2025 [5] - Baskets in January 2025 had decreased by 5.3% from December 2024 [5] Pricing Trends - The dollar-weighted average price for the top 500 items purchased increased by 2.3% year-over-year, a slower rate than the 2.9% increase recorded in January 2025 [5] Market Insights - Strong year-over-year growth was noted in categories such as Smokeless Tobacco, Tequila, and Energy Beverages, while the Gum category experienced its first year-over-year decrease in over a year [9] - Seasonal categories like Chocolate and Still Wine outperformed February 2024, while Confectionary and Sparkling Wine/Champagne saw declines [10] Network Overview - As of February 28, 2025, the NRS retail network included approximately 34,800 active terminals across about 30,300 independent retailers [2] - The data for same-store comparisons in February 2025 was derived from approximately 179 million transactions processed through about 21,100 stores [11]

Core Insights - net2phone has launched the net2phone AI Agent, a scalable and customizable virtual agent designed to enhance customer experiences across sales, support, and administrative tasks [1][3]. Company Overview - net2phone is a leading provider of intelligent communications-as-a-service, focusing on businesses and contact centers [1]. - The company is a subsidiary of IDT Corporation, recognized for its innovative cloud-based communication solutions [3]. Product Features - The net2phone AI Agent utilizes conversational AI to engage customers, handle routine inquiries, and execute complex tasks while adhering to business rules and leveraging external APIs [2]. - It supports multiple communication channels, including website, phone, and chat, and is available in multiple languages such as English, Spanish, and Portuguese [2]. - The AI Agent addresses common challenges in sales, support, and staffing, optimizing customer interactions and operational efficiency [3][4]. Market Position - The introduction of the net2phone AI Agent positions the company to help businesses enhance customer interactions and grow profitably [3].

Core Viewpoint - IDT Corporation is set to release its financial and operational results for the second quarter of fiscal year 2025 on March 6, 2025, with a focus on its performance in fintech and communications solutions [1]. Financial Reporting - The earnings release will be available on the IDT investor relations website at approximately 4:30 PM Eastern on March 6, 2025 [1]. - An earnings conference call will follow at 5:30 PM Eastern, featuring management's discussion of the results and a Q&A session with investors [2]. Conference Call Details - To participate in the conference call, investors can dial 1-888-506-0062 (toll-free from the US) or 1-973-528-0011 (international) with the access code 145736 [2]. - A replay of the conference call will be available approximately three hours after the call concludes and can be accessed until March 20, 2025 [3]. - The replay can be accessed by dialing 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) with the replay passcode 51975, and it will also be available via streaming audio on the IDT investor relations website [3]. Company Overview - IDT Corporation operates as a global provider of fintech and communications solutions through various synergistic businesses, including National Retail Solutions, BOSS Money, net2phone, IDT Digital Payments, and IDT Global [4]. - National Retail Solutions offers a point-of-sale platform for independent retailers, while BOSS Money focuses on international remittances and fintech payment solutions [4]. - net2phone provides integrated cloud communications and contact center services, and IDT Digital Payments facilitates the sharing of prepaid products and services [4].

Core Insights - January same-store sales increased by 4.7% year-over-year, a significant rise compared to the previous month's increase of 1.7% [4] - However, same-store sales decreased by 7.5% compared to December 2024, which had a modest increase of 0.5% from November 2024 [5] - Over the three months ending January 31, 2025, same-store sales rose by 3.7% compared to the same period a year ago [5] Sales Performance - Units sold increased by 2.3% year-over-year, contrasting with a decrease of 0.5% in December 2024 [5] - Units sold decreased by 3.1% compared to December 2024, which also saw a decline of 1.1% from November 2024 [5] - Baskets per store increased by 1.1% year-over-year but decreased by 5.3% compared to December 2024 [5] Pricing Trends - The dollar-weighted average price for the top 500 items purchased rose by 2.9% year-over-year, surpassing the 2.4% increase recorded in December 2024 [5] Network Overview - As of January 31, 2025, the NRS retail network included approximately 34,800 active terminals across about 30,100 independent retailers [2] - The NRS POS terminals processed $1.8 billion in sales, reflecting a 20% year-over-year increase, across 119 million transactions, which is a 15% increase year-over-year [14] Market Commentary - January 2025 experienced robust sales growth despite adverse weather conditions, with notable increases in categories such as Tobacco Products, Alcohol, and Chocolate [8][9] - The Diet & Nutrition category outperformed expectations, driven by increased sales in health-related products [10] - Sales of Cold/Flu OTC products surged due to a rise in seasonal illnesses [11]

Core Insights - January 2025 same-store sales increased by 4.7% year-over-year, despite a sequential decrease of 7.5% compared to December 2024 [1][5][6] - The NRS retail network had approximately 34,800 active terminals, processing transactions at around 30,100 independent retailers [2][15] - The dollar-weighted average price for the top 500 items purchased rose by 2.9% year-over-year, surpassing the previous month's increase of 2.4% [6] Sales Performance - Same-store sales for the three months ending January 31, 2025, increased by 3.7% compared to the same period a year ago [6][14] - Units sold increased by 2.3% year-over-year but decreased by 3.1% compared to December 2024 [6][11] - Baskets per store increased by 1.1% year-over-year but decreased by 5.3% compared to the previous month [6][10] Market Trends - Notable growth was observed in the Tobacco Products & Accessories, Alcohol, and Diet & Nutrition categories, with the latter driven by health trends and meal replacement products [10][11] - Sales of Cold/Flu OTC products surged due to increased incidences of flu and other contagions [12] - The NRS network's three-month moving average same-store sales outpaced the U.S. Commerce Department's data by an average of 1.1 percentage points over the past twelve months [7] Transaction Data - In January 2025, NRS processed $1.8 billion in sales, reflecting a 20% year-over-year increase across 119 million transactions, which is a 15% increase year-over-year [15][16] - Same-store data comparisons for January 2025 were derived from approximately 183 million transactions across about 20,800 stores [13]

Core Insights - IDT global has entered into a Preferred Partner Agreement with Natcom, Haiti's leading telecommunications provider, to manage international long-distance traffic and protect against revenue leakage [1][3] - The partnership aims to develop and launch new international voice offerings for Natcom customers and IDT's BOSS Revolution Calling service users in the US [2][3] Group 1: Partnership Details - The agreement enhances Natcom's position as a reliable telecommunications provider for international voice traffic [1] - IDT global will provide secure and innovative telecommunications solutions tailored to meet the international long-distance needs of Natcom customers in Haiti [3] - The collaboration is expected to improve the experience for customers of both Natcom and BOSS Revolution [3] Group 2: Company Background - Natcom offers a full range of mobile, broadband, and fixed-line services across Haiti, focusing on innovation and connectivity [4] - IDT global utilizes its global IP network to deliver high-quality voice and A2P SMS solutions, enabling efficient communication experiences worldwide [5] - IDT Corporation operates a portfolio of businesses, including fintech and communications solutions, enhancing the operational effectiveness of independent retailers and facilitating international remittances [6]

Core Insights - IDT global has entered into a Preferred Partner Agreement with Natcom, Haiti's leading telecommunications provider, to manage international long-distance traffic and protect against revenue leakage [1][2][3] - The partnership aims to develop and launch new international voice offerings for Natcom's customers and IDT's BOSS Revolution Calling service users in the US [2][3] Company Overview - IDT global provides high-quality, secure, and scalable voice and A2P SMS solutions, leveraging its global IP network [5] - IDT Corporation operates a portfolio of businesses including fintech and communications solutions, with services such as BOSS Money for international remittances and net2phone for cloud communications [6] Natcom Overview - Natcom is recognized as Haiti's leading telecommunications provider, offering a comprehensive range of mobile, broadband, and fixed-line services [4]

Core Insights - BOSS Money has expanded its remittance services to include Venezuela, Brazil, and Eritrea, enhancing payment options for customers sending money from the USA [2][3][4] - The company is offering zero-fee transfers up to $500 to Venezuela through its apps until July 31, 2025, aiming to attract more users [3][6] - BOSS Money experienced a record holiday season, processing over 2 million transfers in December 2024, indicating strong demand for its services [6] Expansion of Services - BOSS Money now allows cash transfers to 34 major Venezuelan banks, including Banco Bicentenario and Banesco, facilitating direct deposits for users [3] - The service will soon enable money transfers to Brazil via Pix, Brazil's rapid payment system, and has expanded payout options in Africa, including mobile wallets in Ethiopia and Liberia [4][5] - Customers can also use debit cards to fund transfers at select BOSS Money retail agents, with plans for nationwide availability [5] Customer Incentives - New customers can benefit from two zero-fee transfers up to $2,999 on the BOSS Money and BOSS Revolution apps, with additional incentives for transfers to Mexico [6] - The company emphasizes convenience, speed, and reliability in its services, aiming to empower customers to support their families globally [5] Company Overview - IDT Corporation, the parent company of BOSS Money, provides a range of fintech and communication solutions, including international remittances and cloud communications [7]

December same-store sales increased 1.7% year-over-year  Full year 2024 same-store sales increased 1.8% year-over-year NEWARK, N.J., Jan. 09, 2025 (GLOBE NEWSWIRE) -- NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for December and the full year 2024. As of December 31, 2024, the NRS retail network comprised approximately 34,300 ac ...