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Grainger's Sales Rose 11% In May On Volume Growth

14 Jun 2011 7:25 AM | IJCSA - (Administrator)

DOW JONES NEWSWIRES

W.W. Grainger Inc.'s (GWW) May daily sales rose 11% from a year earlier on volume and price growth.

The supplier of industrial goods ranging from lighting to janitorial products has seen its results improve of late as global economic activity continues to rebound. The company is often considered a bellwether of the U.S. economy because of the breadth of its offerings. In April, Grainger reported its first-quarter earnings rose 59% on higher sales and margins.

Acquisition gains added one percentage point and foreign-exchange gains added two percentage points to last month's sales growth.

More at source:Wall Street Journal

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