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AD Member’s Sales Up by 14% in 1Q

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https://www.mdm.com/news/operations/ad-1q-sales-up/?utm_source=rss&utm_medium=rss&utm_campaign=ad-1q-sales-up

Wayne, Pennsylvania-based buying group AD announced on Monday that its first quarter sales were $12.7 billion, which was an increase of 14% across its 13 divisions and three countries.

Same-store sales were up 6% while purchases by member companies from AD supplier partners increased by 16%. Net distributions to its members were up 19%.

“The AD community had an excellent start to 2021,” AD’s Chairman and CEO Bill Weisberg said. “The positive momentum that began in the back half of 2020 continued into this quarter, leaving us bullish for the balance of this year. Where there are areas of risk, particularly related to supply and demand imbalances, we’ve been impressed, for the most part, with how AD suppliers are treating their long-time channel partners.”

The post AD Member’s Sales Up by 14% in 1Q appeared first on Modern Distribution Management.

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