NRSInsights says February same-store sales increased 3.5%

Same-store sales increased 3.5% from a year earlier. In January 2024, average sales had increased 1.4% compared to January 2023. NRS retail stores in Arizona, Montana and Wyoming generated the highest rates of year-over-year increases. Same-store sales increased 7.4% compared to January 2024, consistent with the expected seasonal rebound from the post-holiday dip in January. Same-store sales in January 2024 had decreased 10.0% compared to December 2023. For the three months ended February 29, 2024, same-store sales increased 2.8% compared to the three months ended February 28, 2023. The number of items sold increased 4.4% compared to February 2023, the same rate of increase as for January 2024 compared to January 2023. The average number of transactions per store increased 2.0% compared to February 2023. For January 2024, the average number of transactions had decreased 0.6% compared to January 2023. A dollar-weighted average of prices for the top 500 items purchased increased 1.2% year-over-year, an increase from the 0.3% year-over-year increase recorded in January 2024, but still well below the 2023 peak level of 5.3% in September.