W. W. Grainger, Inc. (NYSE: GWW) reported sales results for November 2012 that were 8% higher than the same period in 2011. The increase included 3 percentage points from price, 2 percentage points from sales of hurricane-related products, 2 percentage points from volume and 1 percentage point from acquisitions.
The month of November 2012 had 21 selling days, the same as November 2011. While the 2012 fourth quarter will have one extra selling day versus the 2011 fourth quarter (64 versus 63 days), the company is forecasting minimal sales contribution due to timing of the holidays.
Breaking it down by segment, U.S. sales were up 6% last month compared to November of 2011. Sales in Canada were up 12% and, in local currency, sales increased to 8%. Grainger’s other businesses (Asia, Europe and Latin America) saw an increase of 17% for November 2012 compared to November of last year.
Headquartered in Chicago, Grainger had 2011 sales of $8.1 billion and is a broad line supplier of maintenance, repair and operating products.Tagged with tED