Chicago-based Grainger (NYSE: GWW) reported sales for the third quarter of 2023 of $4.2 billion, up 6.7%.
Profit was $493 million.
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For the quarter, daily sales in the High-Touch Solutions segment were up 8.7% from the year-ago period. The Endless Assortment segment was up 6%, driven by new-customer acquisition, as well as enterprise customer growth at MonotaRO. That was offset by declining sales to non-core, consumer-like customers and slower overall market demand at Zoro.
For the first nine months, sales were $12.5 billion, up 9.6%, and profit was $1.4 billion.
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