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WW Grainger April Sales Rose 12% Aided By Acquisitions, Higher Prices

16 May 2012 9:26 AM | IJCSA - (Administrator)

DOW JONES NEWSWIRES

W.W. Grainger Inc.'s (GWW) April daily sales rose 12% from a year earlier as acquisitions continued to boost sales volume.

The supplier of industrial goods ranging from lighting to janitorial products has experienced double-digit percentage earnings growth in recent quarters, aided by growing demand from businesses and institutions trying to consolidate suppliers. The company is often considered a bellwether of the U.S. economy because of the breadth of its offerings. Grainger has also expanded its global footprint through acquisitions.

Acquisition gains added 5 percentage point to last month's sales growth. Excluding acquisitions, sales rose 7%, with 5 percentage points of the increase due to volume and 3 points due to higher prices, partly offset by a 1-percentage-point decline from foreign exchange.


More at source: Wall Street Journal  

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