Grainger Reports Results For The 2016 Second Quarter

Grainger reported results for the 2016 second quarter ended June 30, 2016.  Sales of $2.6 billion increased 2 percent versus $2.5 billion in the second quarter of 2015.  There were 64 selling days in the 2016 second quarter, the same as the 2015 second quarter.  Net earnings for the quarter of $173 million were down 22 percent versus $221 million in 2015.  Earnings per share of $2.79 declined 14 percent versus $3.25 in 2015.