Grainger (NYSE: GWW) posted a 3 percent increase in sales in January, compared to January 2014. The company’s results for the month included 1 percentage point from acquisitions and a 2 percentage point decline from unfavorable foreign exchange. With 2014 sales of $10 billion, Grainger is a broad-line supplier of maintenance, repair and operating products, with operations also in Asia, Europe and Latin America.
Excluding acquisitions and foreign exchange, Grainger’s organic sales increased 4 percent on a daily basis driven by 4 percentage points from volume and a 2 percentage point benefit from favorable comparability to the business disruptions in January 2014 due to the extreme weather. This increase was partially offset by a 2 percentage point decline from lower sales of seasonal products.
In January, Grainger’s U.S. sales increased 4 percent and its Canadian sales grew by 6 percent (in local currency). Sales for the company’s “other businesses” increased by 26 percent (in local currency).
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