Each week, we’ll be tracking a snapshot of year-over-year distributor revenue with our Pandemic Revenue Index (PRI). We would like to increase the sample size and are asking you to consider helping the industry through these uncertain and unprecedented times. If you are interested, reach out to Mike Emerson at memerson@ircg.com.
This week’s index shows a sales decline over the same week in 2019 of 14.9%. The sample size for the week of May 11-15 is 10 firms, which is the same as last week. We now have eight weeks of double-digit average declines and five consecutive weeks with declines in the mid-teens.
The stability in the average sales change is also present within the sample as participating companies are not displaying much volatility. Those that generally have the larger declines continue to have the larger declines and those that have been almost flat are continuing on that trajectory.
The largest decline this week was 38% while two companies squeaked out an increase of 1% over prior year. In looking for patterns in the data, the only one that emerges is that distributors where projects (infrastructure, multi-month construction) make up a material part of their business appear to suffering the least as of now.
Thanks for following along with us as we analyze the impact of this pandemic. As we collect more experiences, we will continue to share patterns as they emerge.
