Grainger (NYSE: GWW) reported a 5 percent increase in sales for April 2014 versus the same period last year. According to a company press release, the distributor’s results for the month included one percentage point from acquisitions, net of dispositions, and a one-percentage point decline due to unfavorable foreign exchange.
Grainger’s U.S. sales increased by 7 percent in April while the firm’s Canadian sales decreased by 5 percent (in local currency), and its other businesses (primarily in Asia, Europe, and Latin America) grew by 22 percent (in local currency).
Excluding acquisitions and foreign exchange, Grainger’s organic sales increased 5 percent in April – driven by 7 percentage points from volume, partially offset by 2 percentage points from the timing of the Easter holiday. April 2014 had 22 selling days, the same as April 2013.Tagged with tED