Grainger (NYSE: GWW) reported a 3 percent increase in sales for February 2014 compared to the same period in 2013. The distributor’s results for the month included 2 percentage points from acquisitions, net of dispositions, and a 2-percentage point decline due to unfavorable foreign exchange, according to the company press release.
Excluding acquisitions and foreign exchange, Grainger’s organic sales increased 3 percent and were driven by 4 percentage points from volume, 1 percentage point from increased sales of seasonal products, partially offset by a 2 percentage points decline from business disruptions due to the extreme weather that closed customer and Grainger facilities across the U.S. at times during the month.
Grainger’s U.S. sales were up 5 percent in February and its Canadian sales retreated by 2 percent (in local currency). Its other businesses – primarily in Asia, Europe, and Latin America – grew by 19 percent (in local currency) in February.Tagged with tED