AD – AD reports record sales in the first three months of 2024
Wayne, Pa. – AD reports that member sales in the first three months of 2024 hit a record $19.5 billion, a 7% increase across AD’s 14 divisions and three countries.
Same-store sales increased by 3% in the U.S., 2% in Canada, and 5% in Mexico, in their respective currencies. Member purchases from AD suppliers grew 2% to $4.7 billion.
71 new members joined AD in the first quarter of the year, including 50 that joined as part of the Edge Group merger, effective January 1. AD members also acquired another 10 companies outside of AD.
AD CEO Bill Weisberg said, “Our community of independent distributors remains focused on growth and enhancing their already strong positions within their local markets. The AD team and I are pleased to be making a positive difference in the success of our dedicated owner/members and our supplier partner companies.”
EMR Analysis
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