Grainger (NYSE: GWW), Chicago, IL, reported sales for July increased 6 percent over the same period a year ago. Results for the month included a 2 percent increase from acquisitions, net of dispositions, and a 1 percent decline from unfavorable foreign exchange.
Excluding acquisitions and foreign exchange, organic sales increased 5 percent, driven by 5 percentage points from volume and 1 percentage point from the favorable timing of the July 4th holiday in the U.S., partially offset by a 1 percent decline from lower sales of seasonal products.
U.S. segment sales were up 7 percent year-over-year, while Canada sales were down 2 percent. Other businesses segment sales increased 16 percent compared to July 2013.