The 2020 Mid-Year Economic Update_long

Grainger Sales Up 3% in January

U.S. segment sales were up 4 percent year-over-year.

Grainger (NYSE: GWW), Chicago, IL, reported daily sales for January increased 3 percent over the same period a year ago. Results for the month included a 1 percent increase from acquisitions and a 2 percent decline 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 January 2014 due to the extreme weather.  This increase was partially offset by a 2 percentage point decline from lower sales of seasonal products. 

U.S. segment sales were up 4 percent year-over-year and Canadian segment sales were down 4 percent. Other businesses segment sales increased 14 percent compared to January 2014, or 26 percent in local currency.

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