CHICAGO (AP) — Tool and industrial supply distributor W.W. Grainger Inc. said Monday its November sales rose 15 percent from the same month last year.
The recent month's results included a 5 percentage point boost from acquisitions. Excluding acquisitions, sales rose 10 percent, including 10 percentage points from volume and 2 percentage points from price. Those increases were partially offset by a 2 percentage point drop from 2010 oil spill related sales, the company said.
The Chicago-based company said U.S. sales increased 9 percent, while Canadian sales jumped 15 percent. Sales at other businesses grew 23 percent.
Its shares fell $2.56, or 1.4 percent, to $183.96 in morning trading as broad market indicators fell.
