Grainger (GWW) Sees 2% Decrease in November 2009 Daily Sales, Ex-Items
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Grainger (NYSE: GWW) today reported sales results for the month of November 2009.
Daily sales increased 2 percent versus November 2008. Results for the month included a 4 percentage point positive contribution from acquisitions and a 2 percentage point benefit from foreign exchange. Sales were negatively affected by approximately 1 percentage point due to a decline in the sales of seasonal products. Excluding acquisitions, foreign exchange and the effects of seasonal products, daily sales for the company declined 3 percent. November 2009 had 20 selling days versus 19 in November 2008. The 2009 fourth quarter will have the same number of selling days (64) as the 2008 fourth quarter.
Daily sales increased 2 percent versus November 2008. Results for the month included a 4 percentage point positive contribution from acquisitions and a 2 percentage point benefit from foreign exchange. Sales were negatively affected by approximately 1 percentage point due to a decline in the sales of seasonal products. Excluding acquisitions, foreign exchange and the effects of seasonal products, daily sales for the company declined 3 percent. November 2009 had 20 selling days versus 19 in November 2008. The 2009 fourth quarter will have the same number of selling days (64) as the 2008 fourth quarter.
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