Grainger (NYSE: GWW), Chicago, IL, reported daily sales for February increased 2 percent over the same period a year ago. Results for the month included a 1 percent decrease from acquisitions and a 2 percent decrease from unfavorable foreign exchange.
Excluding acquisitions and foreign exchange, organic sales increased 4 percent, driven by 4 percentage points from volume and a 2 percentage point benefit from favorable comparability to the business disruptions in February 2014 due to the extreme weather. This increase was partially offset by a 1 percentage point decline in price and a 1 percentage point decline from winter storms in February 2015.
U.S. segment sales were up 4 percent year-over-year and Canadian segment sales were down 10 percent, but up 1 percent in local currency. Other businesses segment sales increased 8 percent compared to February 2014, or 20 percent in local currency.