IRCG Weekly Pandemic Revenue Index shows 4.8 percent increase
Survey participants continue to show strong swings in revenues.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Sept. 28-Oct. 2, 2020, indicated a 4.8 percent increase compared with the same week a year ago. The eccentricities of the calendar are unlikely to be impacting the reported growth as both weeks in 2019 and 2020 included the last day of the month.
IRCG’s distributor Pandemic Revenue Index gives distributors a weekly quantified view into how other distributors in the industry are faring as the global COVID-19 pandemic progresses.
“Seven companies reported increases with five of them being double digits. The high was 32%. Of the four companies that saw decreases, the range was from less than 1% to 18%, so there is still a fair amount of variance among the participants,” said Mike Emerson, IRCG Partner.
Find free resources for distributors on responding to the pandemic, including a cash flow modeling spreadsheet and instructional webinar, and a cost-reduction planning webinar, at IRCG’s website: ircg.com/stress-testing.
CONTRACTOR SUPPLY MAGAZINE
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