Grainger reports daily sales up 3% in July, up 4% in August, flat in September
Grainger reports company sales for the quarter increased 3%. Daily sales performance by month was as follows: up 3% in July, up 4% in August and flat in September. Excluding the Cromwell acquisition in the first two months of the quarter, sales performance by month was down 1% in July, up 1% in August and flat in September. Results for the quarter included 2 percentage points from the Cromwell acquisition, which was anniversaried on September 1, and 1 percentage point contribution from foreign exchange. Excluding acquisitions and foreign exchange, organic sales were flat consisting of a 1 percentage point contribution from sales of seasonal products offset by a 1 percentage point decline in price.