W.W. Grainger (NYSE: GWW) reported a 7 percent increase in sales for October 2013 compared to the same month in 2012. Results for the month included 3 percentage points’ positive contribution from acquisitions and a 1 percentage point decline from unfavorable foreign exchange.
In the U.S., Grainger’s sales were up 10 percent over October 2012’s numbers and its Canadian sales increased by 1 percent (in local currency). Company sales in Asia, Europe, and Latin America were up 9 percent (in local currencies) compared to the same period in 2012.
Excluding acquisitions and foreign exchange, Grainger’s organic sales increased 5 percent driven by 6 percentage points of volume growth, partially offset by a 1 percentage point decline from sales of hurricane-related products in October 2012.
Last year, Grainger provided hurricane-related products for the preparation and response to Hurricane Sandy in the northeast United States. The month of October 2013 had 23 selling days, the same as October 2012.
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