Grainger Sales Up 1% in February - Modern Distribution Management

Grainger Sales Up 1% in February

U.S. segment sales were down 1 percent year-over-year.

Grainger (NYSE: GWW), Chicago, IL, reported sales for February increased 1 percent compared to the same period a year ago. Results for the month included a 4 percentage point contribution from Cromwell Group (Holdings) Ltd, acquired Sept. 1, and a 1 percentage point reduction from foreign exchange. 

Excluding acquisitions and foreign exchange, organic daily sales declined 2 percent, driven by a 2 percentage point decline from lower sales of seasonal products, a 2 percentage point decline in price, a 1 percentage point decline from lower sales of Ebola products and a 1 percentage point decline from Canada's deployment of SAP.  The decline was partially offset by a 4 percentage point increase in volume.

U.S. segment sales were down 1 percent year-over-year and Canadian segment sales were down 33 percent, 24 percent in local currency. Other businesses segment sales increased 46 percent compared to February 2014, or 51 percent in local currency.

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