Overall, sales worldwide for Grainger increased 13% in May, the company reported. Daily sales in the United States rose by 8%, compared to May 2011.
Grainger’s stock fell 5% from a $189.98 close on June 8 to $180.52 one week later. Over the same period, the S&P 500 Index rose 1.3%.
Analysts at William Blair said that while Grainger’s sales gain was slightly below expectations (which were for 13.5%), they think “the company’s sales trends could accelerate towards the end of 2012.Tagged with tED