W.W. Grainger Reports Q2 Beat & Better Than Expected Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/GWW'>W.W. Grainger, Inc. (NYSE:GWW)</a> reported its Q2 results, with EPS coming in at $7.19, better than the Street estimate of $6.64. Revenue was $3.8 billion, compared to the Street estimate of $3.7 billion.</p>
<p>Both High-Touch Solutions and Endless assortment saw over 20% organic growth in Q2. Notably, HTS US outgrew the broader US MRO market by 1,000 bps during the quarter and HTS NA realized nearly 11pps of price. Price/cost was neutral in Q2 in HTS NA, and the company continues to target price/cost neutrality for 2022.</p>
<p>The company expects full 2022-year EPS in the range of $27.25-$28.75, compared to the Street estimate of $26.56. The company anticipates daily sales growth of 14.5% - 16.5%.</p>

NYSE:GWW