Grainger (GWW) Reports Daily Sales Up 5% in November
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Grainger (NYSE: GWW) reported daily sales results for the month of November 2013.
Daily sales increased 5 percent versus November 2012. Results for the month included 4 percentage points from acquisitions and a 2 percentage points decline from unfavorable foreign exchange. Excluding acquisitions and foreign exchange, organic daily sales increased 3 percent driven by 6 percentage points of volume growth, partially offset by 2 percentage points decline from sales of hurricane-related products in November 2012 and 1 percentage point decline from price. In the fourth quarter of last year, Grainger provided hurricane-related products for the preparation for and response to Hurricane Sandy in the northeast United States. The month of November 2013 had 20 selling days, one less than in November 2012. The 2013 fourth quarter will have 64 selling days, the same as the 2012 fourth quarter.
Daily sales increased 5 percent versus November 2012. Results for the month included 4 percentage points from acquisitions and a 2 percentage points decline from unfavorable foreign exchange. Excluding acquisitions and foreign exchange, organic daily sales increased 3 percent driven by 6 percentage points of volume growth, partially offset by 2 percentage points decline from sales of hurricane-related products in November 2012 and 1 percentage point decline from price. In the fourth quarter of last year, Grainger provided hurricane-related products for the preparation for and response to Hurricane Sandy in the northeast United States. The month of November 2013 had 20 selling days, one less than in November 2012. The 2013 fourth quarter will have 64 selling days, the same as the 2012 fourth quarter.
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