AD announces record-breaking sales for the first half of 2024
AD reports that member sales in the first six months of 2024 increased 7% across AD’s 14 divisions and three countries, to a record $40.4 billion.
Same-store sales increased by 4% in the U.S., 1% in Canada, and 15% in Mexico, in their respective currencies. Member purchases from AD suppliers grew 4% to $10.1 billion.
87 new members joined AD year-to-date, including 50 that joined as part of the Edge Group merger and 37 that joined independently. AD members also acquired another 20 companies outside of AD.
AD CEO Bill Weisberg said, “Our membership growth continues to outpace the impact of consolidation and, in addition to positive financial results, several of our programs launched new offerings and celebrated significant milestones. We are looking forward to continuing our work on behalf of our AD owner/member independents, supplier partners, service providers, to maintain this solid growth through the end of the year.”Looking for a reprint of this article?
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