Grainger Reports Results For The 2019 Third Quarter; Sales performance and strong expense management lead to share gain and operating earnings growth despite slower macroeconomic environment
Grainger (NYSE: GWW) today reported results for the 2019 third quarter. Sales of $2.9 billion in the quarter increased 4 percent versus the 2018 third quarter. On a daily basis, sales were up 2.5 percent. The third quarter had one more selling day than the prior year period. Foreign exchange had no impact on total company sales.
"While the global demand environment continued to weaken, our U.S. and endless assortment businesses gained share as we made solid progres...