Grainger 2Q Sales Up 8%
WW Grainger, Chicago, IL, reported an 8% increase in sales for the second quarter ended June 30, 2006. Sales were $1.5 billion versus $1.4 billion in the 2005 second quarter. Profit was up 15% to $94 million.
"Based on some softening in certain segments of the North American economies, we now expect this year's sales to grow by 7 to 9 percent," said Grainger's Chairman and CEO Richard L. Keyser.
Sales for the six months ended June 30, 2006, were $2.9 billion, up 7% versus the first six months of 2005. Net earnings increased 17% to $180 million versus $154 million in 2005.
Grainger Branch-based segment
Sales in this segment, which includes the U.S., Mexico and China, were $1.2 billion, up 8% ...