Grainger posts gains but misses estimates

W. W. Grainger reported its Q2 operating earnings of $334 million were up 62 percent from a year ago. Q2 earnings in 2020 had been heavily affected by losses related to Grainger’s divestment of the Fabory business. On an adjusted basis, earnings were up by six percent to $4.27 per share. Net sales of $3.2 billion represented a 13 percent increase from Q2 of 2020. Analysts expected earnings of $4.61 per share on revenues of $3.22 billion.