Grainger (NYSE: GWW), Chicago, Ill., a broad line distributor of maintenance, repair and operations products and services, reported sales for its fiscal 2024 first-quarter sales were $4.2 billion, up 3.5% from the prior-year period.
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Profit for the quarter was $497 million, down from $508 million from the prior-year period.
High-touch solutions sales were up 3.4%; endless assortment daily sales were up 3.7%.
“We’ve produced solid results amidst a slow, but steady demand environment,” said D.G. Macpherson, CEO. “Looking to the remainder of the year, we are well-positioned to achieve our guidance outlook as we work to provide a flawless experience and deliver tangible value for our customers.”
