Grainger (NYSE: GWW) reported a 7 percent daily sales increase for the month of August versus August 2013. Results for the month included 2 percentage points from acquisitions, net of dispositions, and a 1 percentage point decline from unfavorable foreign exchange.
By sector, the company’s U.S. sales were up 8 percent in August (versus August 2013) and its Canadian sales increased by 6 percent (in local currency). Grainger’s other businesses grew by 21 percent (in local currency).
Excluding acquisitions and foreign exchange, organic daily sales increased 6 percent driven by volume. The month of August 2014 had 21 selling days versus 22 selling days in August 2013.Tagged with tED