Independent retailers see 3.5% same-store sales growth in June

NEWARK, N.J. - Independent retailers in the NRS network reported a 3.5% increase in same-store sales for June 2025 compared to the same month last year, according to data released Monday by NRSInsights. The network is operated by IDT Corporation (NYSE:IDT), which according to InvestingPro data has demonstrated robust financial health with a market capitalization of $1.76 billion and is currently trading near its 52-week high of $71.12.

The growth rate marked a slight deceleration from May’s 4.9% year-over-year increase. Unit sales rose 3.0% compared to June 2024, while the number of transactions remained flat year-over-year. This performance aligns with IDT’s broader success, as InvestingPro analysis shows the company maintaining strong profitability with a healthy gross margin of 35.5% and an impressive return on equity of 38%.

For the three months ending June 30, same-store sales increased 4.6% compared to the same period in 2024, representing the highest level of year-over-year growth in the past 12 months.

The data showed prices for the top 500 purchased items increased 2.7% year-over-year in June, down slightly from May’s 2.9% increase.

Categories driving June’s growth included modern oral nicotine, energy drinks, prepared cocktails, and chocolate, with chocolate posting an 8% year-over-year increase. Seasonal categories like sports drinks, frozen novelties, and bottled water saw month-over-month growth but declined compared to June 2024.

"June was another strong month for independent retailers," said Brandon Thurber, VP of Data Sales & Client Success at NRS.

The NRS retail network currently comprises approximately 36,600 active terminals nationwide at approximately 31,700 independent retailers, including convenience stores, bodegas, liquor stores, and grocers. The network processed $2.1 billion in sales in June, a 15% increase year-over-year across 140 million transactions.

The sales data is derived from approximately 220 million transactions processed through about 22,600 stores that scanned transactions in both June 2025 and June 2024. NRS is a subsidiary of IDT Corporation (NYSE:IDT).

In other recent news, IDT Corporation reported a robust financial performance for Q2 2025, with significant increases in income, adjusted EBITDA, and EPS. The company’s income from operations surged by 133% year-over-year, while its earnings per share saw a remarkable increase of 290%. IDT’s gross profit margin also reached a record high of 37.1%, reflecting strong profitability. The company is exploring mergers and acquisitions opportunities, particularly within digital channels, as part of its strategic growth initiatives. Analysts have noted IDT’s focus on innovation and digital growth, which has positioned it well for future expansion. Additionally, IDT’s digital remittance transactions grew by 40% year-over-year, showcasing the strength of its fintech segment. The company’s cash and equivalents increased significantly to $224 million from $171 million. IDT remains on track to meet its full-year adjusted EBITDA target of $126 million, according to its guidance.

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