Each week, we’ll be tracking a snapshot of year-over-year distributor revenue with our Pandemic Revenue Index (PRI). The index was created in March 2020 to try and provide a contemporaneous view on prevailing business conditions as the coronavirus began disrupting business. The index is made up of wholesale distribution companies in different industry verticals across the United States. Participants include companies with local and national footprints. The sample size for the week of February 22-February 26 is 13 firms.
Next week will be a complete year since the world changed during the second week of March 2020. This will be the penultimate publishing of the PRI. After next week, year-on-year sales change will have much less meaning as our baseline will no longer be before the pandemic.
This week’s index returns to double digit growth after last week’s weather induced drop-off. Seven respondents reported increases with three greater than 50% while six companies saw declines ranging from 3% to 11%.
After 51 weeks, the average weekly change of the PRI is -.28%. Four companies have seen double-digit growth during the period while two have seen double-digit declines.