Grainger August sales up 4 percent
Grainger reported sales for the month of August increased 4 percent compared to August of 2015.
The sales growth included a 3 percentage point contribution from Cromwell Group (Holdings) Limited, acquired September 2015, and a 1 percentage point increase from favorable foreign exchange. Excluding acquisitions and foreign exchange, organic sales were flat consisting of a 1 percentage point contribution from sales of seasonal products offset by a 1 percentage point decline in price. The month of August 2016 had 23 selling days, two more than the previous year.
Sales in the United States increased by 1 percent, while sales in Canada were down 14 percent (16 percent in local currency). Sales to Grainger's Other Businesses segment were up 36 percent in local currencies, with 11 percent reported as organic growth.