W.W. Grainger +6.75% on earnings beat

|About: W.W. Grainger, Inc. (GWW)|By:, SA News Editor

W.W. Grainger (NYSE:GWW) reports volume rose 8% in Q1.

U.S. business sales up 8% to $2.11B, driven by a 9 percentage point from volume growth.

Canada business sales fell 2% to $181.76M.

Other businesses sales grew 18% to $588.09M.

Gross margin rate down 60 bps to 39.5%

Adjusted operating margin rate advanced 110 bps to 12.4%.

FY2018 Guidance: Sales: +5% to +8%; Diluted EPS: $14.30 to $15.30; Tax rate: 23% to 26%.

GWW +6.75% premarket.

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