NRSInsights' June 2024 Retail Same-Store Sales Report

Core Insights - June 2024 same-store sales increased by 5.1% year-over-year compared to June 2023, showing a positive trend in retail performance [4][9] - The NRS retail network, as of June 30, 2024, included approximately 31,400 active terminals serving independent retailers across the U.S., primarily in urban areas [3][15] - The dollar-weighted average price for the top 500 items purchased increased by 1.1% year-over-year, indicating a slight decrease in price growth compared to the previous month [5] Sales Performance - Same-store sales rose by 1.6% compared to May 2024, following a 3.4% increase from April 2024 [5] - For the three months ending June 30, 2024, same-store sales increased by 3.5% compared to the same period in 2023 [5] - The number of units sold increased by 5.5% year-over-year, with a 2.8% rise in average transactions per store [5] Geographic and Seasonal Trends - Growth was observed across geographic regions, with 37 out of 50 states reporting increases in all three sales metrics [10] - Seasonal categories, particularly Sun Care products, saw significant sales increases, with growth exceeding 50% compared to June 2023 [11] - States in the Northeast contributed over 50% of the network's transaction growth, while Florida and Texas underperformed [10] Category Performance - Packaged Beverages were identified as a key driver of sales dollar growth for the NRS network [11] - Categories such as Candy/Gum/Mints and Tobacco Alternatives/Vape experienced underperformance compared to the previous year [12] - Sweet Snacks showed a decline in sales metrics, reversing a recent trend of increased demand [12] Transaction Data - The NRSInsights report is based on approximately 186 million transactions processed through about 18,400 stores for June 2024 [13] - Comparisons for June 2024 with May 2024 are derived from approximately 246 million transactions across 26,200 stores [14] - The NRS network processed $19.1 billion in sales through approximately 1.4 billion transactions over the twelve months ending June 30, 2024 [15]