Seeking Alpha

Grainger issues guidance for Q4 and beyond

  • Grainger (GWW -1.6%) forecasts sales will increase 6% to 8% in Q4 as it strikes an optimistic tone on its near future during an analyst meeting.
  • The company sees Q4 EPS of $2.53-$2.73 which has a midpoint below the consensus estimate of analysts of $2.66.
  • A longer view from Grainger has operatings margins rising to 16%-17% by 2019.
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