- Headquarters: Lake Forest, IL
- Number of locations: 151
- grainger.com
** charts before earnings **
** charts after earnings **
Grainger beats by $0.23, reports revs in-line; narrows guidance for FY17 EPS above consensus, revs in-line
- Reports Q3 (Sep) earnings of $2.79 per share, $0.23 better than the Capital IQ Consensus of $2.56; revenues rose 1.5% year/year to $2.64 bln vs the $2.65 bln Capital IQ Consensus
- Sales increased 2 percent and were up 3 percent on a daily basis in the 2017 third quarter versus the prior year. The daily sales performance was driven by 8 percentage points from volume, partially offset by declines of 4 percentage points from price and 1 percentage point from the divestiture of a specialty business in the United States in mid-July
- Other items that affected sales in the quarter included a 1 percentage point increase from hurricane-related sales in the United States, offset by a 1 percentage point decline in seasonal sales
- Co narrows guidance for FY17, sees EPS of $10.40-10.90 vs. $10.36 Capital IQ Consensus Estimate; sees FY17 revs growth of 1.5-2.5%, which calculates to ~$10.29-10.39 bln vs. $10.37 bln Capital IQ Consensus Estimate.
No comments:
Post a Comment