Grainger Has Strong Third Quarter

Grainger had net sales of $3,372 million in the third quarter of 2021, an increase from net sales of $3,018 million in the third quarter of 2020. Daily sales for the quarter increased 11.7 per cent year-over-year with a 12 per cent increase in the High-Tough Solutions N.A. segment and a 12.7 per cent increase in the Endless Assortment segment. Sales for the High Touch Solutions N.A. in Canada were $130 million, up 11.7 per cent over sales of $116 million last year. Overall gross margin for the third quarter was 37.1 per cent, a 145 basis point increase over the prior-year quarter driven by solid margin expansion in both segments. Operating earnings were $438 million, up 16 per cent year-over-year and adjusted operating margin was 13 per cent, up 65 basis points.