earnings
confidence high
sentiment neutral
materiality 0.75
Grainger Q2 sales up 13.1% to $3.2B; EPS $4.27; gross margin pressured by $63M pandemic inventory adjustments
W.W. GRAINGER, INC.
2021-Q2 EPS reported
$8.76
revenue$6,291,000,000
- Reported EPS $4.27 vs $2.10 prior year; adjusted EPS up 14% to $4.27.
- Gross margin 35.0%, down 75 bps; excluding $63M pandemic inventory adjustments, margin was 37.0%.
- High-Touch N.A. daily sales +13.7%; Endless Assortment daily sales +23.0%.
- Operating cash flow $269M; returned $203M via dividends and share repurchases.
- FY 2021 guidance maintained: sales $12.7-13.0B, EPS $19.00-20.50; results expected near low end.