Grainger (GWW) tops Q1 EPS by 7c, reiterates 2019 guidance
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Grainger Reports Results For The 2019 First Quarter
April 22, 2019 8:00 AM EDTCHICAGO, April 22, 2019 /PRNewswire/ --Â Grainger (NYSE: GWW) today reported results for the 2019 first quarter. Sales of $2.8 billion in the quarter increased 3.0 percent daily versus $2.8 billion in the 2018 first quarter. On a constant currency basis, daily sales were up 4.0 percent and up 4.5 percent after normalizing for the impact of a prior year change in accounting estimate. Â More specifically, a small group of U.S. customers were transitioned from the cash to accrual basis of accounting as a result of their improved credit profile. The first quarter had one less selling... More
