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Economic Headwinds Impact Grainger's Top Line: Q2 Results Mixed

W.W. Grainger Inc (NYSE:GWW) shares are trading lower after it reported second-quarter 2024 results. Sales of $4.312 billion, up 3.1% Y/Y, missed the consensus of $4.348 billion. In Q2 2024, High-Touch Solutions – N.A. saw a 3.1% Y/Y increase in sales, or 3.7% in constant currency, driven by higher volumes and gains across most markets. Endless Assortment segment sales rose 3.3%, or 11.7% in constant currency, thanks to strong core B2B growth at Zoro and MonotaRO. Adjusted gross profit increased 3.0% Y/Y to $1.694 billion, with a ...