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.Tagged with tED