CHICAGO (AP) — W.W. Grainger Inc. recently said that daily revenue increased 10 percent in August compared with the previous year because it sold more items, helped partly by Hurricane Irene.
Grainger sells a range of maintenance and repair products, such as chemical pumps and power drills. Some of its revenue increase came from charging higher prices on some products, and some came from sales related to Irene.
Favorable foreign exchange rates also helped. When the dollar is weaker, sales overseas translate into more dollars domestically.
Grainger expects to report third-quarter earnings on Oct. 18.
The company's stock rose $1.26 to $150.48.
