Grainger (GWW) Reports 4% Increase in Daily Sales for August 2016
Get Alerts GWW Hot Sheet
Revenue Growth %: +3.9%
Financial Fact:
Warehousing, marketing and administrative expenses: 717.17M
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Grainger (NYSE: GWW) reported sales results for the month of August 2016. Company daily sales increased 4 percent in August of 2016 versus August of 2015. The sales growth included a 3 percentage point contribution from Cromwell Group (Holdings) Limited, acquired September 1, 2015, and a 1 percentage point increase from favorable foreign exchange. Excluding acquisitions and foreign exchange, organic sales were flat consisting of a 1 percentage point contribution from sales of seasonal products offset by a 1 percentage point decline in price. The month of August 2016 had 23 selling days, two more than the previous year. The 2016 third quarter will have 64 selling days, the same as the 2015 third quarter.
August Sales by Segment 2016 v. 2015 | |
United States | +1% |
Canada -16% in local currency | -14% |
Other Businesses +36% in local currencies / +11% organic | +42% |
Please visit www.grainger.com/investor to access a recorded message with additional details about August 2016 sales. Grainger is scheduled to report third quarter earnings on Tuesday, October 18, 2016, at 7:30 a.m. EDT.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Weatherford International plc (WFRD) Tops Q1 EPS by 6c
- Avangrid (AGR) Tops Q1 EPS by 19c
Create E-mail Alert Related Categories
Corporate News, GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!