Considerable drop for Grainger
W.W. Grainger from Lake Forest/Illinois, one of the largest wholesalers in North America, reported turnover of............
USD 2.64 bn (EUR 2.27 bn) for the 3rd quarter, a growth of 1.5% compared to last year. From January to September the turnover figure was USD 7.8 bn (EUR 6.7 bn), an increase of 1.6%. The two main segments are the turnover figures in USA and Canada, which make up approx. 80% of the total.
Net earnings for the first 9 months of 2017 amounted to USD 416 m (EUR 396 m), which is a considerable drop of 18.4% compared to last year.
For the year as a whole a turnover increase between 1.5% and 2.5% is expected.