Grainger reports Q3 EPS adjusted $3.06, consensus $2.99
Reports Q3 revenue $2.6B, consensus $2.59B. "We continue to operate in a challenging economic environment. The third quarter results were within our expectations. I'm pleased with our ability to continue to effectively manage costs in this low growth environment while still investing in our future success. During the quarter, we continued to see strong revenue and earnings growth in our single channel online businesses, and we started operations in our new 1.3 million square foot distribution center in New Jersey. We expect fourth quarter demand to remain challenged, and as a result, we have narrowed our guidance and lowered the midpoint for the full year," said CEO DG Macpherson.