Chicago, IL-based Grainger reported sales of $1.7 billion for the quarter ended March 31, 2008, up 7% from the prior-year first quarter. Profit for the quarter was up 12% to $114 million.
We are off to a strong start,” said CEO Richard L. Keyser. “We are encouraged by the market share gains achieved in a slowing economy.”
Daily sales increased 8% in January, 7% in February and 7% in March. For the quarter, sales were positively affected by foreign exchange, which contributed 1percentage point. Sales were negatively affected by 1percentage point due to the timing of Easter.
Grainger Branch-based segment
Sales in this segment, which includes branch-based businesses in the U.S., Mexico and China, increased 6% in the 2008 first quarter. Daily …
Grainger Sales Up 7% in First Quarter
Chicago, IL-based Grainger reported sales of $1.7 billion for the quarter ended March 31, 2008, up 7% from the prior-year first quarter. Profit for the quarter was up 12% to $114 million.
We are off to a strong start,” said CEO Richard L. Keyser. “We are encouraged by the market share gains achieved in a slowing economy.”
Daily sales increased 8% in January, 7% in February and 7% in March. For the quarter, sales were positively affected by foreign exchange, which contributed 1percentage point. Sales were negatively affected by 1percentage point due to the timing of Easter.
Grainger Branch-based segment
Sales in this segment, which includes branch-based businesses in the U.S., Mexico and China, increased 6% in the 2008 first quarter. Daily …
Share this article
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
