Grainger reported today that its total daily sales during the month of August grew 10% compared to August 2011. These results included a 4 percentage point contribution from acquisitions and a 1 percentage point decline from foreign exchange. Organic sales increased 7%, including 4 percentage points from volume and 4 percentage points from price.
Daily sales for the U.S. increased 4%., consisting of 2 percentage points from volume and 4 percentage points from price, partially offset by a 1 percentage point decline from lower sales of seasonal products and a 1 percentage point drag from a decline in sales of hurricane-related products.
In August of 2011, strong sales of generators and clean up products following Hurricane Irene contributed 1 percentage point to sales growth whereas in August of 2012, the net effect of Hurricane Isaac was a small sales decline primarily due to lost business from multiple branch and customer closures offsetting any incremental business from the storm.
The company broke out sales from its various segments:
- Heavy and Light Manufacturing were up in the high single digits,
- Commercial and Government were up in the mid-single digits,
- Retail was up in the low single digits,
- Reseller and Natural Resources were down in the low single digits, and
- Contractor was down mid-single digits
In its Canadian segment, daily sales increased 12% in U.S. currency, including an 11 percentage point contribution from volume and 2 percentage points from price, offset by a 1 percentage point decline from foreign exchange. In local currency, sales for the Canadian segment increased 13%. Strong growth to customers in the Commercial, Construction, Oil and Gas, Forestry and Utilities end markets contributed to this performance.Tagged with tED