Grainger Reports Results for the First Quarter 2022

First Quarter Highlights
*Delivered sales of $3.6 billion, up 18.2%, compared to the first quarter of 2021; up 17.9% on a daily, constant currency basis
*Expanded gross margin by 245 bps compared to the first quarter of 2021
*Operating earnings of $534 million, up 49.2%, resulting in EPS of $7.07, an increase of 57.8% versus the first quarter of 2021
*Produced operating cash flow of $343 million, up 16.7%; returned $163 million to shareholders through dividends and share repurchases
*Increases full year 2022 guidance, including updated EPS range of $25.00 – $27.00
*Recognized as one of Fortune’s 100 Best Companies to Work For ® in 2022

Grainger (NYSE: GWW) today reported results for the first quarter of 2022 with sales of $3.6 billion, up 18.2%, or 17.9% on a daily, constant currency basis compared to the first quarter 2021, driven by strong performance in both the High-Touch Solutions N.A. and Endless Assortment segments.

“The Grainger team performed extremely well in the first quarter, with strong financial results supported by a robust demand environment. We continued to execute against our key growth initiatives, drive operational excellence and strengthen our culture,” said DG Macpherson, Chairman and CEO. “Despite the ongoing inflationary and supply chain challenges, we are well positioned for a successful year.”
details at: https://pressroom.grainger.com/news/press-release-details/2022/GRAINGER-REPORTS-RESULTS-FOR-THE-FIRST-QUARTER-2022/default.aspx

Related Posts

Unit Sales Fell 5.6% Last Week (publishersweekly.com)

Everything is relative. Unit sales of print books fell 5.6% last week compared to the week ended August 8, 2020, when sales rose 10.2% over the prior week driven by several new blockbuster titles. Compared to August 17, 2019, however, sales were up 14.3% at outlets that report to NPD BookScan. The biggest factor in last week’s sales decline was the trailing off of sales of Midnight Sun by Stephenie Meyer, which sold more than 524,000 print copies following its release on August 4. Last week it sold a very respectable 139,000 copies, making it once again the top-selling title for the week, but the sales drop from its debut led to a 38% sales decline in the young adult segment in the week.

Print Unit Sales Still Solid in Late October

Strong gains in all categories led to a 13% increase in unit sales of print books in the week ended Oct. 24, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan. The double-digit increase came despite only a few new books making a splash. Matthew McConaughey’s Greenlights was the #1 title in the week, selling about 78,000 copies and boosting sales in the adult nonfiction category 6.2% over the week ended Oct. 26, 2019. Another new nonfiction release, America Under Assault, Vol. 3 by Tom Fitton, sold about 40,000 copies, putting it in fourth place on the overall bestseller list. The juvenile and YA categories all had gains of at least 20% in the week, led by a combination of older frontlist and backlist books. The 20.8% increase in juvenile fiction was led by sales of Dav Pilkey’s Grime and Punishment (Dog Man #9), which sold approximately 45,000 copies in the week and more than 743,000 copies since its release on September 1.

ACMA Forum (Virtual) Starts Sept. 2nd; Preliminary Agenda Released

The ACMA is excited to release the agenda for our upcoming virtual National Forum. Registartion will be announced very soon, but for now, please save the dates and plan on attending. Here are the key facts: No 'Zoom overload' promised! This year’s Forum will be held entirely via a series of Zoom meetings. Following an opening session focused on the upcoming elections on September 2nd, there will be back-to-back 45-minute online sessions held on the three subsequent Wednesdays. Cost & Attendance: Although the issues and focus will on C-level executives, attendance is complementary to all catalog/online/direct merchants and their suppliers, both ACMA members and non-members, as long as you completely fill out the brief registration form (coming soon). See the agenda at: https://catalogmailers.org/wp-content/uploads/2020/07/ACMA-Virtual-Forum-Agenda-2020.pdf - click read more below for additional info
Back To Top
×Close search
Search