Grainger (NYSE: GWW) reported that its daily sales results for the month of November grew by 5 percent compared the same period in 2012. Results for the month included 4 percentage points from acquisitions and a 2 percentage point decline from unfavorable foreign exchange. Excluding acquisitions and foreign exchange, Grainger’s organic daily sales increased 3 percent driven by 6 percentage points of volume growth, partially offset by 2 percentage points decline from sales of hurricane-related products in November 2012 and 1 percentage point decline from price.
Grainger’s daily U.S. sales increased by 7 percent versus November 2012, and its Canadian sales grew by 3 percent (in local currency). The company’s other businesses (primarily Asia, Europe and Latin America) increased by 13 percent in November.Tagged with tED