Grainger (NYSE: GWW) reported a 2 percent sales increase in February 2015 compared to the same period in 2014. The distributor’s results for the month included 1 percentage point from acquisitions and a 3 percentage point decline from unfavorable foreign exchange.
Excluding acquisitions and foreign exchange, Grainger’s organic sales increased 4 percent driven by 4 percentage points from volume and a 2 percentage point benefit from favorable comparability to the business disruptions in February 2014 due to extreme weather. According to a company press release, this increase was partially offset by a 1 percentage point decline in price and a 1 percentage point decline from winter storms in February 2015.
By segment, Grainger’s U.S. sales were up 4 percent, Canadian sales increased by 1 percent (in local currency), and “other businesses” grew by 20 percent (in local currency).
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