ASA distributor members report strong sales growth despite inflation
Respondents reported a median sales increase of 23.5% for August 2022 vs. 2021. August 2022 results reflect another month of solid performance compared to the same month a year ago. Median calendar year-to-date sales growth of 21.8% was reported by respondents. For the Trailing Twelve Months ending in August 2022, respondents again reported strong sales growth of over 20%.
Industry Insights, which produces the ASA monthly sales report for ASA distributor members, says that given the current high inflationary environment, the year-over-year comparisons should be viewed with caution. For instance, on a month-to-month basis, respondents reported a more "modest" sales growth of 14% for August 2022 vs. July 2022.