Chicago, IL - Grainger reported sales results for the month of February 2014. Sales increased 3 percent versus February 2013. Results for the month included 2 percentage points from acquisitions, net of dispositions, and a 2 percentage points decline from unfavorable foreign exchange. Excluding acquisitions and foreign exchange, organic sales increased 3 percent driven by 4 percentage points from volume, 1 percentage point from increased sales of seasonal products, partially offset by a 2 percentage points decline from business disruptions due to the extreme weather that closed customer and Grainger facilities across the United States at times during the month. February 2014 had 20 selling days, the same as February 2013. The 2014 first quarter will have 63 selling days, the same number as the 2013 first quarter.
February Sales by Segment 2014 v. 2013 | |
United States | +5% |
Canada -2% in local currency | -11% |
Other Businesses +19% in local currency (Primarily Asia, Europe and Latin America) | +11% |
Visit www.grainger.com/investor to access a recorded message with additional details about February 2014 sales. Grainger is scheduled to report first quarter 2014 results on Wednesday, April 16, 2014 at 8:00 a.m. EDT.
