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 14.8%.
The sample size for the week of May 4-8 is 10 firms, which is the same as last week. We now have six weeks of double-digit average declines. This week is very similar to the week of April 20, with three companies reporting increases over prior year. However, the results of the companies participating in the index appear to be compressing, e.g. the range among results are getting smaller.
For the week of April 20, the greatest decline was 52% with the largest increase at 26%. This week, the greatest decline was 37% and the highest increase was 8%.
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. The next few weeks should be interesting as states begin to restart their economies. Stay tuned.
