January same-store sales increased 4.7% year-over-year

NEWARK, N.J., Feb. 07, 2025 — 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 January 2025.

As of January 31, 2025, the NRS retail network comprised approximately 34,800 active terminals nationwide, scanning purchases at approximately 30,100 independent retailers including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers, predominantly serving urban consumers.

January Highlights

(Same-store sales, unit sales, transactions, and average price data refer to January 2025 and are compared to January 2024 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month.)

• SALES
  • Same-store sales increased 4.7% year-over-year. In the previous month (December 2024), same-store sales had increased 1.7% year-over-year.
    
    • Same-store sales decreased (7.5)% compared to the previous month (December 2024). Same-store sales in December 2024 had increased 0.5% compared to the previous month (November 2024).
  • For the three months ended January 31, 2025, same-store sales increased 3.7% compared to the corresponding three months a year ago.

• UNITS SOLD
  • Units sold increased 2.3% year-over-year. In the previous month (December 2024), the number of units sold had decreased (0.5)% year-over-year.
  • Units sold decreased (3.1)% compared to the previous month (December 2024). Units sold in December 2024 had decreased (1.1)% compared to the previous month (November 2024).
• BASKETS (TRANSACTIONS) PER STORE
  • Baskets increased 1.1% year-over-year. In the previous month (December 2024), baskets had decreased (0.5)% year-over-year.
  • Baskets decreased (5.3)% compared to the previous month (December 2024). Baskets in December 2024 had decreased (3.4)% compared to the previous month (November 2024).
• AVERAGE PRICES
  • A dollar-weighted average of prices for the top 500 items purchased increased 2.9% year-over-year, a higher rate of increase than the 2.4% year-over-year increase recorded in December 2024.

Retail Trade Comparative Data

The table below provides historical comparative data with the U.S. Commerce Department’s Advance Monthly Retail Trade same-store sales data excluding food service:

Over the past twelve months, the NRS network’s three-month moving average same-store sales have outpaced the US Commerce Department’s Advance Monthly Retail Trade data, excluding food services, by 1.1% percentage points, on average. However, in December, the Department’s three month rolling average increase exceeded the NRS network’s by 0.5%.

The NRSInsights data in the chart above have not been adjusted to reflect inflation, demographic distributions, seasonal buying patterns, item substitution, days per month, or other factors that may facilitate comparisons to other periods, to other same-store retail sales data, or to the U.S. Commerce Department’s retail data.

Commentary from Suzy Silliman (SVP, Data Strategy and Sales at NRS)

“Despite record-breaking cold temperatures and historic snowfalls in mid-January across much of the U.S., January 2025 saw robust dollar, unit and transaction same-store sales growth versus the year ago while decreasing sequentially, as expected, following the holiday season.

“Our analysis of January’s data revealed several unexpected developments across the NRS network, while other categories continued trends that carried over from 2024.

“January sales typically follow well-established patterns related to New Year’s resolutions, wellness goals, and ‘dry January.’ So this January’s dollar sales growth in Tobacco Products & Accessories (cigarettes, cigars, smokeless tobacco, pipe tobacco, lighters and rolling papers), Alcohol (beer, FMB/cider/seltzer, vodka, still wine, tequila, prepared cocktails, wine-based cocktails, and cordials), and even Chocolate and Cookies was unusual.

“On the other hand, the Diet & Nutrition category outperformed, driven by growth in health/nutrition and meal replacement shakes, health/nutrition and meal replacement bars, protein salty snacks, and health/nutrition powder. While Diet & Nutrition sales had been trending up with the increased popularity of GLP-1 agonists for the treatment of diabetes and obesity, January’s year-over-year growth exceeded the prior months’ trendline.

“And finally, sales of Cold/Flu OTC products and GI Care surged year-over-year as flu, RSV, norovirus and other contagions surged nationwide, arriving a little later in the season than usual but not unexpectedly.”

NRSInsights Reports

The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.

Same-store data comparisons of January 2025 with January 2024 are derived from approximately 183 million transactions processed through the approximately 20,800 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of January 2025 with December 2024 are derived from approximately 239 million transactions processed through approximately 29,000 stores.

Same-store data comparisons for the three months ended January 31, 2025 with the year-ago three months are derived from approximately 546 million scanned transactions processed through those stores that were in the NRS network in both quarters.

NRS POS Platform

The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers. These independent retailers operate in all 50 states as well as the District of Columbia, and in 202 of the 210 designated market areas (DMAs) in the United States. During January 2025, NRS’ POS terminals processed $1.8 billion in sales (+20% year-over-year) across 119 million transactions (+15% year-over-year).

About National Retail Solutions (NRS):

National Retail Solutions operates the largest point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

NRSInsights Contact:
Suzy Silliman
SVP, Data Strategy and Sales at NRS
National Retail Solutions
suzy.silliman@nrsplus.com

IDT Corporation Contact:
Bill Ulrey
william.ulrey@idt.net

# # #

January same-store sales increased 4.7% year-over-year

NEWARK, N.J., Feb. 07, 2025 — 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 January 2025.

As of January 31, 2025, the NRS retail network comprised approximately 34,800 active terminals nationwide, scanning purchases at approximately 30,100 independent retailers including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers, predominantly serving urban consumers.

January Highlights

(Same-store sales, unit sales, transactions, and average price data refer to January 2025 and are compared to January 2024 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month.)

• SALES
  • Same-store sales increased 4.7% year-over-year. In the previous month (December 2024), same-store sales had increased 1.7% year-over-year.
    
    • Same-store sales decreased (7.5)% compared to the previous month (December 2024). Same-store sales in December 2024 had increased 0.5% compared to the previous month (November 2024).
  • For the three months ended January 31, 2025, same-store sales increased 3.7% compared to the corresponding three months a year ago.

• UNITS SOLD
  • Units sold increased 2.3% year-over-year. In the previous month (December 2024), the number of units sold had decreased (0.5)% year-over-year.
  • Units sold decreased (3.1)% compared to the previous month (December 2024). Units sold in December 2024 had decreased (1.1)% compared to the previous month (November 2024).
• BASKETS (TRANSACTIONS) PER STORE
  • Baskets increased 1.1% year-over-year. In the previous month (December 2024), baskets had decreased (0.5)% year-over-year.
  • Baskets decreased (5.3)% compared to the previous month (December 2024). Baskets in December 2024 had decreased (3.4)% compared to the previous month (November 2024).
• AVERAGE PRICES
  • A dollar-weighted average of prices for the top 500 items purchased increased 2.9% year-over-year, a higher rate of increase than the 2.4% year-over-year increase recorded in December 2024.

Retail Trade Comparative Data

The table below provides historical comparative data with the U.S. Commerce Department’s Advance Monthly Retail Trade same-store sales data excluding food service:

Over the past twelve months, the NRS network’s three-month moving average same-store sales have outpaced the US Commerce Department’s Advance Monthly Retail Trade data, excluding food services, by 1.1% percentage points, on average. However, in December, the Department’s three month rolling average increase exceeded the NRS network’s by 0.5%.

The NRSInsights data in the chart above have not been adjusted to reflect inflation, demographic distributions, seasonal buying patterns, item substitution, days per month, or other factors that may facilitate comparisons to other periods, to other same-store retail sales data, or to the U.S. Commerce Department’s retail data.

Commentary from Suzy Silliman (SVP, Data Strategy and Sales at NRS)

“Despite record-breaking cold temperatures and historic snowfalls in mid-January across much of the U.S., January 2025 saw robust dollar, unit and transaction same-store sales growth versus the year ago while decreasing sequentially, as expected, following the holiday season.

“Our analysis of January’s data revealed several unexpected developments across the NRS network, while other categories continued trends that carried over from 2024.

“January sales typically follow well-established patterns related to New Year’s resolutions, wellness goals, and ‘dry January.’ So this January’s dollar sales growth in Tobacco Products & Accessories (cigarettes, cigars, smokeless tobacco, pipe tobacco, lighters and rolling papers), Alcohol (beer, FMB/cider/seltzer, vodka, still wine, tequila, prepared cocktails, wine-based cocktails, and cordials), and even Chocolate and Cookies was unusual.

“On the other hand, the Diet & Nutrition category outperformed, driven by growth in health/nutrition and meal replacement shakes, health/nutrition and meal replacement bars, protein salty snacks, and health/nutrition powder. While Diet & Nutrition sales had been trending up with the increased popularity of GLP-1 agonists for the treatment of diabetes and obesity, January’s year-over-year growth exceeded the prior months’ trendline.

“And finally, sales of Cold/Flu OTC products and GI Care surged year-over-year as flu, RSV, norovirus and other contagions surged nationwide, arriving a little later in the season than usual but not unexpectedly.”

NRSInsights Reports

The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.

Same-store data comparisons of January 2025 with January 2024 are derived from approximately 183 million transactions processed through the approximately 20,800 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of January 2025 with December 2024 are derived from approximately 239 million transactions processed through approximately 29,000 stores.

Same-store data comparisons for the three months ended January 31, 2025 with the year-ago three months are derived from approximately 546 million scanned transactions processed through those stores that were in the NRS network in both quarters.

NRS POS Platform

The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers. These independent retailers operate in all 50 states as well as the District of Columbia, and in 202 of the 210 designated market areas (DMAs) in the United States. During January 2025, NRS’ POS terminals processed $1.8 billion in sales (+20% year-over-year) across 119 million transactions (+15% year-over-year).

About National Retail Solutions (NRS):

National Retail Solutions operates the largest point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

NRSInsights Contact:
Suzy Silliman
SVP, Data Strategy and Sales at NRS
National Retail Solutions
suzy.silliman@nrsplus.com

IDT Corporation Contact:
Bill Ulrey
william.ulrey@idt.net

# # #

Newark, NJ, Feb. 06, 2025 — IDT global, IDT Corporation’s (NYSE: IDT) wholesale carrier services business, today announced that it has entered into a Preferred Partner Agreement with Natcom, Haiti’s leading telecommunications provider, to manage international long-distance traffic for Natcom’s network in Haiti. IDT global will also help to protect Natcom against revenue leakage while strengthening Natcom’s position as a trusted and reliable telecommunications provider for international voice traffic.

The agreement also enables Natcom and IDT global to collaboratively develop and launch new, high-value, international voice offerings for customers of Natcom and for IDT’s popular BOSS Revolution Calling service in the US.

“Our partnership with Natcom reinforces IDT global‘s position as a leader in managed voice services,” said Alexis Segal, Sr. Vice President at IDT global. “We look forward to supporting Natcom with secure and innovative telecommunications solutions tailored to meet the international long-distance needs of Natcom customers throughout Haiti. Boss Revolution customers can also look forward to elevated offerings that will make staying connected with loved ones and business associates in Haiti more accessible than ever.”

Mr. Nguyen Huy Dzung, CEO of Natcom added: “IDT global’s reliability, expertise, and focus on quality made them the natural choice for this strategic partnership. Together, we aim to provide the best possible experience for our customers while strengthening the integrity of telecommunications in Haiti.”

About Natcom

Natcom is Haiti’s leading telecommunications provider, offering a full range of mobile, broadband, and fixed-line services to individuals and businesses across the country. With a focus on innovation and connectivity, Natcom is dedicated to enhancing the communication experience for the people of Haiti.

About IDT global

IDT global leverages its global IP network and platform to deliver high-quality, secure, and scalable voice and A2P SMS solutions. We enable carriers, mobile operators, and enterprises to build agile, efficient, and resilient communication experiences worldwide.

About IDT Corporation

IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

CONTACT

IDT Corporation Investor Relations
Bill Ulrey
william.ulrey@idt.net

# # #

Newark, NJ, Feb. 06, 2025 — IDT global, IDT Corporation’s (NYSE: IDT) wholesale carrier services business, today announced that it has entered into a Preferred Partner Agreement with Natcom, Haiti’s leading telecommunications provider, to manage international long-distance traffic for Natcom’s network in Haiti. IDT global will also help to protect Natcom against revenue leakage while strengthening Natcom’s position as a trusted and reliable telecommunications provider for international voice traffic.

The agreement also enables Natcom and IDT global to collaboratively develop and launch new, high-value, international voice offerings for customers of Natcom and for IDT’s popular BOSS Revolution Calling service in the US.

“Our partnership with Natcom reinforces IDT global‘s position as a leader in managed voice services,” said Alexis Segal, Sr. Vice President at IDT global. “We look forward to supporting Natcom with secure and innovative telecommunications solutions tailored to meet the international long-distance needs of Natcom customers throughout Haiti. Boss Revolution customers can also look forward to elevated offerings that will make staying connected with loved ones and business associates in Haiti more accessible than ever.”

Mr. Nguyen Huy Dzung, CEO of Natcom added: “IDT global’s reliability, expertise, and focus on quality made them the natural choice for this strategic partnership. Together, we aim to provide the best possible experience for our customers while strengthening the integrity of telecommunications in Haiti.”

About Natcom

Natcom is Haiti’s leading telecommunications provider, offering a full range of mobile, broadband, and fixed-line services to individuals and businesses across the country. With a focus on innovation and connectivity, Natcom is dedicated to enhancing the communication experience for the people of Haiti.

About IDT global

IDT global leverages its global IP network and platform to deliver high-quality, secure, and scalable voice and A2P SMS solutions. We enable carriers, mobile operators, and enterprises to build agile, efficient, and resilient communication experiences worldwide.

About IDT Corporation

IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

CONTACT

IDT Corporation Investor Relations
Bill Ulrey
william.ulrey@idt.net

# # #

Zero-fee App Transfers to Venezuela

New Funding Option for Retail Customers

Newark, NJ, Jan. 15, 2025 — BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced three new destination countries – Venezuela, Brazil, and Eritrea – and expanded payment options for customers sending money from BOSS Money retailer locations.

BOSS Money customers in the USA can now send cash directly to the accounts of family and friends at 34 of the largest Venezuelan banks including Banco Bicentenario, Banco de Venezuela, Banco Nacional de Crédito, Banco Occidental de Descuento (BOD), Banesco, BBVA Provincial, and Mercantil Banco.

Through July 31, 2025, BOSS Money is offering customers in the USA zero-fee transfers up to $500 to Venezuela on the BOSS Money and BOSS Revolution calling apps.

In the coming weeks, BOSS Money will launch money transfers to South America’s largest nation, Brazil, via Pix, Brazil’s national rapid payment ecosystem.

BOSS Money also continues to expand options for payouts in Africa. In addition to launching service to Eritrea, it recently added direct deposit to mobile wallets in Ethiopia (Amole and Telebirr) and Liberia (Orange Money).

“By making money transfers more convenient, fast and reliable, and by offering our service to more destinations, we’re empowering our customers to support friends and family around the world,” said Michelle Rendo, VP Marketing for BOSS Money.

Along with its payout network expansion, BOSS Money now offers customers the option of using their debit cards to fund transfers at select BOSS Money retail agents. Debit card funding will be available at all BOSS Money retailers nationwide in the coming months.

BOSS Money’s expansion follows a record holiday season for the popular service. In December 2024, it handled over 2 million transfers, an all-time monthly record.

New customers can try BOSS Money with two zero-fee transfers (up to $2,999^*) on the BOSS Money and BOSS Revolution apps. Customers sending to Mexico on either app will receive five zero-fee transfers.^*

^*Exclusions may apply

ABOUT BOSS MONEY

BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. and Canada to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options including cash pick-up, mobile money, in-country bank account, and debit card direct deposit. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps or through licensed Boss Money retailers.

ABOUT IDT CORPORATION

IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

CONTACT
IDT Corporation Investor Relations
Bill Ulrey
william.ulrey@idt.net

# # #

Zero-fee App Transfers to Venezuela

New Funding Option for Retail Customers

Newark, NJ, Jan. 15, 2025 — BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced three new destination countries – Venezuela, Brazil, and Eritrea – and expanded payment options for customers sending money from BOSS Money retailer locations.

BOSS Money customers in the USA can now send cash directly to the accounts of family and friends at 34 of the largest Venezuelan banks including Banco Bicentenario, Banco de Venezuela, Banco Nacional de Crédito, Banco Occidental de Descuento (BOD), Banesco, BBVA Provincial, and Mercantil Banco.

Through July 31, 2025, BOSS Money is offering customers in the USA zero-fee transfers up to $500 to Venezuela on the BOSS Money and BOSS Revolution calling apps.

In the coming weeks, BOSS Money will launch money transfers to South America’s largest nation, Brazil, via Pix, Brazil’s national rapid payment ecosystem.

BOSS Money also continues to expand options for payouts in Africa. In addition to launching service to Eritrea, it recently added direct deposit to mobile wallets in Ethiopia (Amole and Telebirr) and Liberia (Orange Money).

“By making money transfers more convenient, fast and reliable, and by offering our service to more destinations, we’re empowering our customers to support friends and family around the world,” said Michelle Rendo, VP Marketing for BOSS Money.

Along with its payout network expansion, BOSS Money now offers customers the option of using their debit cards to fund transfers at select BOSS Money retail agents. Debit card funding will be available at all BOSS Money retailers nationwide in the coming months.

BOSS Money’s expansion follows a record holiday season for the popular service. In December 2024, it handled over 2 million transfers, an all-time monthly record.

New customers can try BOSS Money with two zero-fee transfers (up to $2,999^*) on the BOSS Money and BOSS Revolution apps. Customers sending to Mexico on either app will receive five zero-fee transfers.^*

^*Exclusions may apply

ABOUT BOSS MONEY

BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. and Canada to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options including cash pick-up, mobile money, in-country bank account, and debit card direct deposit. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps or through licensed Boss Money retailers.

ABOUT IDT CORPORATION

IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

CONTACT
IDT Corporation Investor Relations
Bill Ulrey
william.ulrey@idt.net

# # #

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 — 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 active terminals nationwide, scanning purchases at approximately 30,000 independent retailers including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers, predominantly serving urban consumers.

December Highlights

(Same-store sales, unit sales, transactions, and average price data refer to December 2024 and are compared to December 2023 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month.)

• SALES
  • • Same-store sales increased 1.7% year-over-year. In the previous month (November 2024), same-store sales had increased 6.6% year-over-year.

  

  • • Same-store sales increased 0.5% compared to the previous month (November 2024). Same-store sales in November 2024 had increased 1.5% compared to the previous month (October 2024).
  • • For the three months ended December 31, 2024, same-store sales increased 3.3% compared to the corresponding three months a year ago.
• UNITS SOLD
  • Units sold decreased (0.5)% year-over-year. In the previous month (November 2024), the number of units sold had increased 4.5% year-over-year.
  • Units sold decreased (1.1)% compared to the previous month (November 2024). Units sold in November 2024 had decreased (0.4)% compared to the previous month (October 2024).
• BASKETS (TRANSACTIONS) PER STORE
  • Baskets also decreased (0.5)% year-over-year. In the previous month (November 2024), transactions had increased 3.2% year-over-year.
  • Baskets decreased (3.4)% compared to the previous month (November 2024). Transactions in November 2024 had decreased (2.5)% compared to the previous month (October 2024).
• AVERAGE PRICES
  • A dollar-weighted average of prices for the top 500 items purchased increased 2.4% year-over-year, a lower rate of increase than the 3.9% year-over-year increase recorded in November 2024.

Full Year 2024 Highlights

(Same-store sales, unit sales, transactions, and average price data refer to the full year 2024 and are compared to the full year 2023. All comparisons are provided on a “per calendar day” basis to remove from consideration the impact of the additional day in 2024, a leap year.)

• Same-store sales increased 1.8% compared to 2023. In 2023, same-store sales had increased 5.2% compared to 2022.
• Units sold increased 2.3% compared to 2023. In 2023, units sold had increased 6.4% compared to 2022.
• Baskets (transactions per store) decreased (0.1)% compared to 2023. In 2023, baskets had increased 3.3% compared to 2022.
• A dollar-weighted average of prices for the top 500 items purchased increased 2.3% compared to 2023. Prices in 2023 had increased 3.5% compared to 2022.

Commentary from Suzy Silliman (SVP, Data Strategy and Sales at NRS)

DECEMBER 2024:

“December 2024 performance was relatively steady compared to December 2023. Sales increased modestly, largely because of nominal price increases, while transaction baskets and units sold decreased slightly. The timing of New Year’s Eve, which fell on a weekday in 2024 versus a weekend in 2023, contributed to softer traffic and sales across the NRS network during the final three days of the year.”

“Continuing a prominent trend of recent months, smokeless tobacco – driven by sales of oral pouches -, tequila, and prepared cocktails – including wine-based cocktails -, continued their strong year-over-year growth.

“In addition to the categories that performed well throughout December, several others experienced notable growth versus the year ago during the week leading up to Christmas Day/First day of Hanukkah. These categories were led by beverages and included beer/fermented malt beverages (FMBs)/cider/seltzer, soft drinks, vodka, whiskey, non-alcoholic beer, and energy beverages.

FULL YEAR 2024:

“The NRS network registered a modest increase of 1.8% in same-store sales in 2024 over 2023.

“Categories experiencing the largest net dollar increases in 2024 included smokeless tobacco, tequila, soft drinks, prepared cocktails, beer, FMB/cider/seltzer, wine-based cocktails, and rolling papers. The categories recording the largest percentage increases included prepared and wine-based cocktails, supplements, smokeless tobacco, non-alcoholic beer, performance nutrition shakes, pork rinds, and sparkling water.

“Categories experiencing the largest net dollar decreases included vape, cognac, cigarettes, confections, cow’s milk, ready-to-drink (RTD) coffee, meat snacks, fruit juice, sparkling wine, and chocolate. The categories recording the largest percentage decreases included cognac, vape, dessert bars, cookies, sparkling wine, and RTD coffee.

“The combination of pricing shifts and changes in consumer snacking habits driven by the popularity of GLP-1 agonists weight loss drugs suggests a strong likelihood that many categories that have traditionally experienced stability will be disrupted in the coming months.”

NRSInsights Reports

The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.

Same-store data comparisons of December 2024 with December 2023 are derived from approximately 192 million transactions processed through the approximately 20,500 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of December 2024 with November 2024 are derived from approximately 243 million transactions processed through approximately 28,600 stores.

Same-store data comparisons for the three months ended December 31, 2024 with the year-ago three months are derived from approximately 559 million scanned transactions processed through those stores that were in the NRS network in both quarters.

Same-store data comparison for the twelve months ended December 31, 2024 with the preceding twelve months are derived from approximately 1.8 billion scanned transactions processed through approximately 13,800 stores that were in the NRS network in both years.

NRS POS Platform

The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers. These independent retailers operate in all 50 states as well as the District of Columbia, and in 201 of the 210 designated market areas (DMAs) in the United States. During December 2024, NRS’ POS terminals processed $1.9 billion in sales (+17% year-over-year) across 125 million transactions (+14% year-over-year). During the twelve months ended December 31, 2024, NRS store terminals processed $20.9 billion in sales through approximately 1.5 billion transactions.

About National Retail Solutions (NRS):

National Retail Solutions operates the largest point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

NRSInsights Contact:
Suzy Silliman
SVP, Data Strategy and Sales at NRS
National Retail Solutions
suzy.silliman@nrsplus.com

IDT Corporation Contact:
Bill Ulrey
william.ulrey@idt.net

# # #

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 — 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 active terminals nationwide, scanning purchases at approximately 30,000 independent retailers including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers, predominantly serving urban consumers.

December Highlights

(Same-store sales, unit sales, transactions, and average price data refer to December 2024 and are compared to December 2023 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month.)

• SALES
  • • Same-store sales increased 1.7% year-over-year. In the previous month (November 2024), same-store sales had increased 6.6% year-over-year.

  

  • • Same-store sales increased 0.5% compared to the previous month (November 2024). Same-store sales in November 2024 had increased 1.5% compared to the previous month (October 2024).
  • • For the three months ended December 31, 2024, same-store sales increased 3.3% compared to the corresponding three months a year ago.
• UNITS SOLD
  • Units sold decreased (0.5)% year-over-year. In the previous month (November 2024), the number of units sold had increased 4.5% year-over-year.
  • Units sold decreased (1.1)% compared to the previous month (November 2024). Units sold in November 2024 had decreased (0.4)% compared to the previous month (October 2024).
• BASKETS (TRANSACTIONS) PER STORE
  • Baskets also decreased (0.5)% year-over-year. In the previous month (November 2024), transactions had increased 3.2% year-over-year.
  • Baskets decreased (3.4)% compared to the previous month (November 2024). Transactions in November 2024 had decreased (2.5)% compared to the previous month (October 2024).
• AVERAGE PRICES
  • A dollar-weighted average of prices for the top 500 items purchased increased 2.4% year-over-year, a lower rate of increase than the 3.9% year-over-year increase recorded in November 2024.

Full Year 2024 Highlights

(Same-store sales, unit sales, transactions, and average price data refer to the full year 2024 and are compared to the full year 2023. All comparisons are provided on a “per calendar day” basis to remove from consideration the impact of the additional day in 2024, a leap year.)

• Same-store sales increased 1.8% compared to 2023. In 2023, same-store sales had increased 5.2% compared to 2022.
• Units sold increased 2.3% compared to 2023. In 2023, units sold had increased 6.4% compared to 2022.
• Baskets (transactions per store) decreased (0.1)% compared to 2023. In 2023, baskets had increased 3.3% compared to 2022.
• A dollar-weighted average of prices for the top 500 items purchased increased 2.3% compared to 2023. Prices in 2023 had increased 3.5% compared to 2022.

Commentary from Suzy Silliman (SVP, Data Strategy and Sales at NRS)

DECEMBER 2024:

“December 2024 performance was relatively steady compared to December 2023. Sales increased modestly, largely because of nominal price increases, while transaction baskets and units sold decreased slightly. The timing of New Year’s Eve, which fell on a weekday in 2024 versus a weekend in 2023, contributed to softer traffic and sales across the NRS network during the final three days of the year.”

“Continuing a prominent trend of recent months, smokeless tobacco – driven by sales of oral pouches -, tequila, and prepared cocktails – including wine-based cocktails -, continued their strong year-over-year growth.

“In addition to the categories that performed well throughout December, several others experienced notable growth versus the year ago during the week leading up to Christmas Day/First day of Hanukkah. These categories were led by beverages and included beer/fermented malt beverages (FMBs)/cider/seltzer, soft drinks, vodka, whiskey, non-alcoholic beer, and energy beverages.

FULL YEAR 2024:

“The NRS network registered a modest increase of 1.8% in same-store sales in 2024 over 2023.

“Categories experiencing the largest net dollar increases in 2024 included smokeless tobacco, tequila, soft drinks, prepared cocktails, beer, FMB/cider/seltzer, wine-based cocktails, and rolling papers. The categories recording the largest percentage increases included prepared and wine-based cocktails, supplements, smokeless tobacco, non-alcoholic beer, performance nutrition shakes, pork rinds, and sparkling water.

“Categories experiencing the largest net dollar decreases included vape, cognac, cigarettes, confections, cow’s milk, ready-to-drink (RTD) coffee, meat snacks, fruit juice, sparkling wine, and chocolate. The categories recording the largest percentage decreases included cognac, vape, dessert bars, cookies, sparkling wine, and RTD coffee.

“The combination of pricing shifts and changes in consumer snacking habits driven by the popularity of GLP-1 agonists weight loss drugs suggests a strong likelihood that many categories that have traditionally experienced stability will be disrupted in the coming months.”

NRSInsights Reports

The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.

Same-store data comparisons of December 2024 with December 2023 are derived from approximately 192 million transactions processed through the approximately 20,500 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of December 2024 with November 2024 are derived from approximately 243 million transactions processed through approximately 28,600 stores.

Same-store data comparisons for the three months ended December 31, 2024 with the year-ago three months are derived from approximately 559 million scanned transactions processed through those stores that were in the NRS network in both quarters.

Same-store data comparison for the twelve months ended December 31, 2024 with the preceding twelve months are derived from approximately 1.8 billion scanned transactions processed through approximately 13,800 stores that were in the NRS network in both years.

NRS POS Platform

The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers. These independent retailers operate in all 50 states as well as the District of Columbia, and in 201 of the 210 designated market areas (DMAs) in the United States. During December 2024, NRS’ POS terminals processed $1.9 billion in sales (+17% year-over-year) across 125 million transactions (+14% year-over-year). During the twelve months ended December 31, 2024, NRS store terminals processed $20.9 billion in sales through approximately 1.5 billion transactions.

About National Retail Solutions (NRS):

National Retail Solutions operates the largest point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

NRSInsights Contact:
Suzy Silliman
SVP, Data Strategy and Sales at NRS
National Retail Solutions
suzy.silliman@nrsplus.com

IDT Corporation Contact:
Bill Ulrey
william.ulrey@idt.net

# # #

After a Record November, BOSS Money Welcomes New Customers with Five Zero-Fee Transfers to Mexico and Two Zero-Fee Transfers to All Other Destinations

Newark, NJ , Dec. 11, 2024 — BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced new holiday deals that make sending money to family and friends in Mexico and around the world more affordable than ever before.

“The holidays are all about sharing the blessings of the season,” said Michelle Rendo, VP Marketing for BOSS Money. “At BOSS Money, it’s an especially joyous time with Zero-Fee transfers to our 48 popular destination countries, and with new payout options enabling recipients to receive and use their cash more easily.”

New BOSS Money customers can celebrate the holiday with five Zero-Fee transfers to Mexico and two Zero-Fee transfers to all other Boss Money destination countries when sending from their debit card or bank account on the BOSS Money and BOSS Revolution Calling apps.

Existing BOSS Money customers will receive a special BOSS Money Holiday Promo Code for two Zero-Fee transfers between December 20^th and 25^th.

BOSS Money also announced expanded payout options, providing more ways to share the joy:

• Customers sending to the Dominican Republic, Guatemala, Honduras, Jamaica, and the Philippines can send cash directly to their recipient’s bank-issued debit card;
• Customers sending to Mexico and Peru can now use the BOSS Money app to transfer cash to mobile wallets. In Mexico: Bankaya, Mercado Pago, Spin by Oxxo and Techreo. In Peru: Yape.

“We are super-excited to support our customers during the holidays,” said Bill Pereira, IDT’s Chief Operating Officer. “November was our busiest month ever, easily surpassing Mother’s Day back in May, with continued strong growth in customers and transactions. We are grateful that our customers value BOSS Money as the most affordable, reliable, and convenient way to send money to family and friends across borders. This Zero-Fee program is our way to thank our current customers for a wonderful year and invite everyone who has not used BOSS Money to save money while discovering the best way to share the joy of the season.”

ABOUT IDT CORPORATION

IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

CONTACT

IDT Corporation Investor Relations
Bill Ulrey
william.ulrey@idt.net

# # #

After a Record November, BOSS Money Welcomes New Customers with Five Zero-Fee Transfers to Mexico and Two Zero-Fee Transfers to All Other Destinations

Newark, NJ , Dec. 11, 2024 — BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced new holiday deals that make sending money to family and friends in Mexico and around the world more affordable than ever before.

“The holidays are all about sharing the blessings of the season,” said Michelle Rendo, VP Marketing for BOSS Money. “At BOSS Money, it’s an especially joyous time with Zero-Fee transfers to our 48 popular destination countries, and with new payout options enabling recipients to receive and use their cash more easily.”

New BOSS Money customers can celebrate the holiday with five Zero-Fee transfers to Mexico and two Zero-Fee transfers to all other Boss Money destination countries when sending from their debit card or bank account on the BOSS Money and BOSS Revolution Calling apps.

Existing BOSS Money customers will receive a special BOSS Money Holiday Promo Code for two Zero-Fee transfers between December 20^th and 25^th.

BOSS Money also announced expanded payout options, providing more ways to share the joy:

• Customers sending to the Dominican Republic, Guatemala, Honduras, Jamaica, and the Philippines can send cash directly to their recipient’s bank-issued debit card;
• Customers sending to Mexico and Peru can now use the BOSS Money app to transfer cash to mobile wallets. In Mexico: Bankaya, Mercado Pago, Spin by Oxxo and Techreo. In Peru: Yape.

“We are super-excited to support our customers during the holidays,” said Bill Pereira, IDT’s Chief Operating Officer. “November was our busiest month ever, easily surpassing Mother’s Day back in May, with continued strong growth in customers and transactions. We are grateful that our customers value BOSS Money as the most affordable, reliable, and convenient way to send money to family and friends across borders. This Zero-Fee program is our way to thank our current customers for a wonderful year and invite everyone who has not used BOSS Money to save money while discovering the best way to share the joy of the season.”

ABOUT IDT CORPORATION

IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

CONTACT

IDT Corporation Investor Relations
Bill Ulrey
william.ulrey@idt.net

# # #