Member respondents to ASA’s Monthly Pulse Report reported essentially flat sales growth for the month ending April 30 vs. 2015. The median was 0.1%.
For the calendar year-to-date, respondents reported a median sales growth of 6.2%. Respondents reported a median increase in sales of 3.9% for the trailing 12 months ending April 30.
Inventory rose 3.0% for April 2016 compared to 2015. The median three-month average days sales outstanding dropped to 43.3 in April.
Nearly 54% of participants reported an increase in gross margin percentages for April 2016 vs. 2015. Company YTD profit before tax increased for 52% of respondents and 55% reported having more full-time-equivalent employees comparted to a year ago.