Grainger (NYSE: GWW) reported a sales increase of 3 percent for January 2014 compared to the same month in 2013. According to a company press release, results for the month included 1 percentage point from acquisitions, net of dispositions, and a 2-percentage point decline due to unfavorable foreign exchange.
Excluding acquisitions and foreign exchange, Grainger’s organic sales increased 4 percent driven by 2 percentage points from volume, 2 percentage points from price and 2 percentage points from strong 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 North America at times during the month.
January 2014 had 22 selling days, the same as January 2013. The 2014 first quarter will have 63 selling days, the same number as the 2013 first quarter.
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