Chicago, IL-based Grainger reported sales of $1.8 billion for the second quarter ended June 30, 2008, up 10% over the second quarter 2007. Profit increased 8% to $113 million from the same quarter the prior year.
We are very pleased with the 10% sales growth in the quarter,” said Grainger President and CEO James T. Ryan. “We are making market share gains in a slowing economy.”
Daily sales increased 13% in April, 7 percent in May and 10% in June. For the quarter, sales were positively affected by price by 2 percentage points, foreign exchange by 1 percentage point, and by the timing of Easter, which also contributed 1 percentage point.
Grainger Branch-based Segment
Sales for this segment, which includes branch-based businesses in the U.S., …
Grainger Sales Grow 10% in 2Q
Chicago, IL-based Grainger reported sales of $1.8 billion for the second quarter ended June 30, 2008, up 10% over the second quarter 2007. Profit increased 8% to $113 million from the same quarter the prior year.
We are very pleased with the 10% sales growth in the quarter,” said Grainger President and CEO James T. Ryan. “We are making market share gains in a slowing economy.”
Daily sales increased 13% in April, 7 percent in May and 10% in June. For the quarter, sales were positively affected by price by 2 percentage points, foreign exchange by 1 percentage point, and by the timing of Easter, which also contributed 1 percentage point.
Grainger Branch-based Segment
Sales for this segment, which includes branch-based businesses in the U.S., …
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