Grainger reports May sales increase
Grainger reported daily sales increased 1 percent in May of 2016 versus May of 2015.
The sales growth included a 4 percentage point contribution from Cromwell Group (Holdings) Limited, acquired Sept.1. Excluding acquisitions, organic daily sales were down 3 percent, driven by a 1 percentage point decrease in volume, a 1 percentage point decline in price, and a 1 percentage point negative impact from the wildfires in Alberta.
Sales in the United States declined by 3%, while sales in Canada decreased by 20% (15% in local currency).
Sales to Grainger's Other Businesses segment increased by 44% (43% in local currencies, with 15% organic growth).