AD reports that member sales in the first three months of 2024 hit a record $19.5 billion, a 7 percent increase across AD’s 14 divisions and three countries.
Same-store sales increased by 3 percent in the U.S., 2 percent in Canada and 5 percent in Mexico, in their respective currencies. Member purchases from AD suppliers grew 2 percent to $4.7 billion.
Seventy-one new members joined AD in the first quarter of the year, including 50 that joined as part of the Edge Group merger, which became effective Jan. 1. AD members also acquired another 10 companies outside of AD.
“Our community of independent distributors remains focused on growth and enhancing their already-strong positions within their local markets,” said AD CEO Bill Weisberg. “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.”
