Article Number: 9410
NAFCD Announces 2015 Q2 Quarterly Sales Trends Results
CHICAGO – NAFCD recently released the 2015 Q2 NAFCD Quarterly Sales Trends Report, a robust benchmarking and forecasting tool that provides NAFCD members with invaluable data and insights. The report includes information on near term and regional demand trends, sales forecasts and business management.
Highlights from the report showed that growth overall the past 90 days has slowed slightly. While Q2 growth rates improved roughly 1 point (versus Q1) for distributors, growth rates slowed 4 points for manufacturers. Both groups also lowered Q3 and full-year forecasts; however, there is still optimism around growth prospects versus the same period a year ago.
Distributor sales increased 5% in Q2, roughly 1 point better than the 4% growth in Q1. Compared to expectations for the quarter, 30% of distributors came in better than forecast offset by 29% of distributors below forecasts.
For manufacturers, the report indicated that sales slowed in Q2, with growth up 6% versus Q1 (up 10%); however, Q3 appeared to be off to a solid start with July and August sales growth both up 8%.
“This robust benchmarking data has been an exceptional tool for our members," said NAFCD Executive Vice President Kevin Gammonley. “The report provides NAFCD members with trend data and analysis based on aggregated input and insights from distribution firms across North America. This type of data is not available elsewhere and thus provides members with an exclusive offering which they really value.”
Learn more about all NAFCD member benefits including other reports and research at www.nafcd.org.
The North American Association of Floor Covering Distributors (NAFCD) is a North American, not-for-profit trade association serving distributors and suppliers of floor covering materials and related products. Its purpose is to enable wholesale floor covering distributors to be the most efficient, professional and profitable vehicle for bringing their suppliers' product to market resulting in the highest degree of customer satisfaction. NAFCD is dedicated to providing its members with opportunities to learn from each other, stay ahead of trends, and become better educated on ways to grow their business. For more information about NAFCD, visit www.NAFCD.org or contact NAFCD Headquarters at 312.673.6836.
Highlights from the report showed that growth overall the past 90 days has slowed slightly. While Q2 growth rates improved roughly 1 point (versus Q1) for distributors, growth rates slowed 4 points for manufacturers. Both groups also lowered Q3 and full-year forecasts; however, there is still optimism around growth prospects versus the same period a year ago.
Distributor sales increased 5% in Q2, roughly 1 point better than the 4% growth in Q1. Compared to expectations for the quarter, 30% of distributors came in better than forecast offset by 29% of distributors below forecasts.
For manufacturers, the report indicated that sales slowed in Q2, with growth up 6% versus Q1 (up 10%); however, Q3 appeared to be off to a solid start with July and August sales growth both up 8%.
“This robust benchmarking data has been an exceptional tool for our members," said NAFCD Executive Vice President Kevin Gammonley. “The report provides NAFCD members with trend data and analysis based on aggregated input and insights from distribution firms across North America. This type of data is not available elsewhere and thus provides members with an exclusive offering which they really value.”
Learn more about all NAFCD member benefits including other reports and research at www.nafcd.org.
The North American Association of Floor Covering Distributors (NAFCD) is a North American, not-for-profit trade association serving distributors and suppliers of floor covering materials and related products. Its purpose is to enable wholesale floor covering distributors to be the most efficient, professional and profitable vehicle for bringing their suppliers' product to market resulting in the highest degree of customer satisfaction. NAFCD is dedicated to providing its members with opportunities to learn from each other, stay ahead of trends, and become better educated on ways to grow their business. For more information about NAFCD, visit www.NAFCD.org or contact NAFCD Headquarters at 312.673.6836.
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