Grainger (GWW) Misses Q1 EPS by 11c, Cuts FY Guidance

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Go back to Grainger (GWW) Misses Q1 EPS by 11c, Cuts FY Guidance

Grainger Reports Results For The 2017 First Quarter

April 18, 2017 8:00 AM EDT

CHICAGO, April 18, 2017 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the 2017 first quarter ended March 31, 2017.  Sales of $2.5 billion increased 1 percent versus $2.5 billion in the first quarter of 2016.  There were 64 selling days in the 2017 first quarter, the same as the 2016 first quarter.  Net earnings for the quarter of $175 million were down 6 percent versus $187 million in 2016.  Earnings per share of $2.93 declined 2 percent versus $2.98 in 2016. 

"Overall, the first quarter clearly fell short of our expectations, driven primarily by the stronger than anticipated customer response to our U.S. strategic pricing actions,... More