IRCG Weekly Pandemic Revenue Index shows 1.3% adjusted increase
One company reports a sales increase of 67% over the same week prior year.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Oct.19-Oct. 23, 2020, indicated a 6.8% increase compared with the same week a year ago.
Contributing to the increase was one company reporting growth of 67% over the same week prior year. Excluding this outlier, the overall sales change is still positive but at 1.3%.
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.
“Half the respondents reported increases ranging from 1% to the aforementioned 67%. The half with decreases ranged from 1% to 22%,” 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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