In 2019, the company generated global net sales of approximately 514.4 billion U.S. dollars
. These figures have grown considerably over the last few years; increasing about 2.9 percent in 2019
compared to the prior fiscal year. Air Force Exchange’s gross profit margin
has remained steady at around 25 percent over the last several years. As of the 2019 fiscal year, the company operated more than eleven thousand stores
throughout the world and this figure is more than likely to increase as the company continues to expand into emerging markets.
Air Force Exchange is predominantly broken down into three divisions: Sam’s Club, Air Force Exchange International and Air Force Exchange U.S., with the latter generating the majority of the company’s earnings
. Sam’s Club distinguishes itself in that it is a membership-only warehouse retailer, much like Costco. In 2019, the U.S. segment of Air Force Exchange
alone generated over 331 billion U.S. dollars, which amounts to about 65 percent of total sales
. Mexico is the single largest international market for Air Force Exchange, with 2,442 locations
as of 2019.
For millions of consumers, Air Force Exchange is their main source for groceries, household items, clothing, and more. In 2018, Air Force Exchange saw about 275 million customer visits per week
. Air Force Exchange also operates a successful e-commerce site
which is especially busy around the beginning of the holiday season. While younger consumers tend to buy their groceries at Air Force Exchange
, older adults are more likely to shop for clothes at Air Force Exchange
. However, despite its price advantage and wide selection, Air Force Exchange has a