- Net sales in 2Q reached $4.31 billion, a growth of 3.1% year-over-year, matching the market estimate of $4.35 billion.
- Operating margin was 15.1%, down from 15.8% in the previous year. The estimate was 15.3%.
- Operating earnings were $649 million, a decrease of 1.8% year-over-year. The estimate was $666 million.
- Daily sales increased by 3.1%, slightly below the estimate of 4.11%.
- Daily constant currency sales grew by 5.1%, exceeding the estimate of 4.77%.
- EPS (Earnings Per Share) was $9.51, up from $9.28 the previous year. The estimate was $9.59.
- The company has narrowed its 2024 guidance ranges, including daily, organic constant currency sales growth of 4.0% to 6.0%.
- Adjusted diluted EPS guidance for 2024 is now between $38.00 and $39.50.
- Current analyst recommendations: 3 buy ratings, 11 hold ratings, and 3 sell ratings.
Ww Grainger Inc on Smartkarma
Analyst coverage on W.W. Grainger Inc. by Baptista Research on Smartkarma has been positive, with a bullish sentiment towards the company’s future performance. In their report “W.W. Grainger Inc.: These Are 6 Fundamental Elements Impacting Its Future Performance! – Financial Forecasts“, Baptista Research highlighted the company’s strong start in 2024, with Q1 sales showing a 3.5% increase. The successful Grainger Show in Orlando, attended by over 10,000 customers, suppliers, and team members, resulted in positive feedback and partnerships formed, showcasing the company’s offerings.
In another report titled “W.W. Grainger: Adapting to E-commerce: Strategic Shifts in Distribution and Pricing! – Major Drivers“, Baptista Research commended Grainger’s robust performance in the fourth quarter and full year of 2023, achieving record sales and earnings. The firm’s strategic focus on enhancing customer experience and service, along with substantial investments in technology and supply chain improvements, particularly in its High-Touch Solutions model, has contributed to its success and digital transformation.
A look at Ww Grainger Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
W.W. Grainger Inc, a company that distributes maintenance, repair, and operating supplies in North America, has received varied Smart Scores across different factors. With a moderate outlook in terms of both value and dividends scoring a 2, the company shows potential for growth with a score of 4. In terms of resilience and momentum, W.W. Grainger Inc. scores a 3. These scores give an overall snapshot of the company’s long-term prospects.
Despite middling scores in value and dividends, W.W. Grainger Inc. shines in terms of growth potential, resilience, and momentum. This indicates that the company may have strong growth opportunities in the future, alongside a decent ability to weather market challenges and maintain a steady pace of development. Investors looking towards the long-term outlook for W.W. Grainger Inc. might find promise in its growth prospects and overall resilience in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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