Respondents to the American Supply Association (ASA) monthly sales survey reported median sales in March 2022 were up 22.2% compared to the prior-year period. When compared with February 2022, the median sales growth was 24.9%.
Respondents reported year-to-date sales growth of 24%. For the trailing 12 months ending March 2022, respondents reported sales growth of 23.7%. In addition, inventory jumped 35% for March 2022 compared with March 2021, and the median three-month days sales outstanding rose from 41 days in February to 42 days in March.
“It was another strong month in terms of year-over-year sales performance, though these figures still should be viewed through a cautionary lens due to inflation – specifically inflated sales currently vs. low inflation sales last year at this time,” Industry Insights Senior Vice President Greg Manns said.