Grainger (NYSE: GWW), Chicago, IL, reported sales for January increased 4 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 2 percentage point reduction from foreign exchange.
Excluding acquisitions and foreign exchange, organic daily sales grew 2 percent driven by a 3 percentage point increase in volume and a 2 percentage point benefit from holiday timing.
U.S. segment sales were up 1 percent year-over-year and Canadian segment sales were down 23 percent, 9 percent in local currency. Other businesses segment sales increased 56 percent compared to January 2014, or 51 percent in local currency.
