Grainger posts April growth of 4 percent
Grainger reported daily sales for April 2016 increased 4 percent versus April of 2015.
The sales growth included a 4 percentage point contribution from Cromwell Group (Holdings) Limited, acquired Sept. 1, 2015. Excluding acquisitions, organic daily sales were flat, driven by a 1 percentage point increase in volume and a 1 percentage point benefit from the timing of the Easter holiday, offset by a 2 percentage point decline in price. The month of April 2016 had 21 selling days, one fewer than the previous year. The 2016 second quarter will have 64 selling days, the same as the 2015 second quarter.
Sales in the United States decreased by 1 percent, while sales in Canada were down by 14 percent (13 percent in local currency). Sales to Grainger's other businesses segment increased by 56 percent (54 percent in local currencies, with 24 percent organic growth).