Independent distributor organization AD says total member sales in the first half of 2022 were a $36.1 billion, a 29% increase.
First-half sales also were 56% ahead of pre-pandemic levels in 2019, AD said.
Same-store sales increased 22% versus the first six months of 2021, while purchases by member companies from AD supplier partners were up a record 31% to $9.81 billion, AD said.
“Purchases in each month in the first half of 2022 increased from the previous month, and April, May and June of 2022 have been all-time record months,” AD said in a news release.
Net distributions to AD members increased by 46% to $642.3 million. Results from AD’s merger with Torbsa Limited won’t be reflected until AD’s nine-month reporter later this year.
“We are extremely pleased with another strong quarter of collaboration and positive results for our members, associates and suppliers,” said AD’s Chairman and CEO Bill Weisberg. “The numbers testify to the positive impact that our community’s independent but collaborative spirit has on all our businesses.”
Related Posts
-
Year 2021 member sales were $58.5 billion, a 30% increase from 2020, with purchases by…
-
The Wayne, Pennsylvania-based organization reported ‘record results’ for its members during 2022’s first quarter.
-
Michael Hall was promoted to territory sales manager, and Lisa Percival was promoted to inside…
