Grainger (GWW) Reports 9% Increase in August Sales
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Grainger (NYSE: GWW) reports results for the month of August 2011.
From the release: "Daily sales increased 10 percent versus August 2010. Results for the month included a 1 percentage point positive contribution from foreign exchange. Excluding foreign exchange, organic sales increased 9 percent, including 8 percentage points from volume, 3 percentage points from price and 1 percentage point from sales related to Hurricane Irene, partially offset by a 3 percentage point decline from 2010 oil spill related sales. August 2011 had 23 selling days, one more than August 2010. The 2011 third quarter will have the same number of selling days as the 2010 third quarter (64 days)."
From the release: "Daily sales increased 10 percent versus August 2010. Results for the month included a 1 percentage point positive contribution from foreign exchange. Excluding foreign exchange, organic sales increased 9 percent, including 8 percentage points from volume, 3 percentage points from price and 1 percentage point from sales related to Hurricane Irene, partially offset by a 3 percentage point decline from 2010 oil spill related sales. August 2011 had 23 selling days, one more than August 2010. The 2011 third quarter will have the same number of selling days as the 2010 third quarter (64 days)."
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