Chicago, IL-based Grainger (NYSE: GWW) reported sales for the month of February 2010. Daily sales increased 12% versus February 2009. Results for the month included a 5 percentage point positive contribution from acquisitions, a 1 percentage point benefit from the sales of seasonal products and 2 percentage point contribution from foreign exchange.
Daily sales in the U.S. were up 6%, in Canada were up 13% in local currency, and in Other Businesses, including sales from acquired businesses in Japan and India, sales were up 264%.
Excluding acquisitions, seasonal sales and foreign exchange, daily sales for the company increased 4%. February 2009 and 2010 both had 20 selling days. The 2010 first quarter will have the same number of selling days (63) as the 2009 first quarter.
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