3/14/2016 1:26:00 AM
NEWS BRIEFS
Acquisitions Drive Grainger Sales Gains
Grainger reported daily sales increased 1% in February 2016.
The results included a 4 percentage point contribution from Cromwell Group (Holdings) Ltd., acquired September 1, 2015, and a 1 percentage point reduction from foreign exchange.
Excluding acquisitions and foreign exchange, organic daily sales declined 2%, driven by a 2 percentage point decline from lower sales of seasonal products, a 2 percentage point decline in price, a 1 percentage point decline from lower sales of Ebola products and a 1 percentage point decline from Canada’s deployment of SAP.
The decline was partially offset by a 4 percentage point increase in volume.
Sales in the U.S. dropped 1% in February, while sales in Canada fell 33% and sales in Grainger’s Other Businesses segment jumped 46%.
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Related Links:
• Grainger
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