AD, Wayne, PA, said 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.
Eighty-seven 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 in the press release, “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 and service providers to maintain this solid growth through the end of the year.”