Grainger Reports April Sales - Analyst Blog
May 12 2011 - 1:01PM
Zacks
W.W. Grainger Inc. (GWW) has reported sales for
the month of April, 2011. Daily sales during the month increased
14% compared with the same period during 2010. The improvement in
sales included 1% contribution each from acquisitions and
foreign exchange.
Excluding the above benefits, organic sales improved 12%, driven
by 10% from volume and 2% from price. There were 21 days in April
2011, a day less than April 2010. However, the second quarter will
have the same number of selling days as the 2010 second
quarter.
On a segmental basis, daily sales in the United States increased
10% in April 2011 compared with the same period in 2010. Daily
sales in Canada increased 22% in April 2011 and 16% in local
currency, versus April 2010. Daily sales in other business
increased by a whopping 49%, including sales from the acquired
business in Colombia versus April 2010.
Illinois-based Grainger is a leading North American distributor
of material handling equipment, safety and security supplies,
lighting and electrical products, power and hand tools, pumps and
plumbing supplies, etc. The company’s services comprise inventory
management and energy efficiency solutions.
Grainger’s prime competitors include Fastenal
Co. (FAST), which reported net sales of $640.6 million
during the first quarter of 2011, up 23% on a year-over-year basis,
driven by an improvement in sales to the company’s manufacturing as
well as non-residential construction customers. Grainger’s other
competitors include– Applied Industrial Technologies
Inc. (AIT) and WESCO International Inc.
(WCC). We currently have a Zacks #2 Rank (short-term Buy
recommendation) on the stock.
APPLD INDL TECH (AIT): Free Stock Analysis Report
FASTENAL (FAST): Free Stock Analysis Report
GRAINGER W W (GWW): Free Stock Analysis Report
WESCO INTL INC (WCC): Free Stock Analysis Report
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