Excluding the unfavorable foreign exchange impact of 2.4%, sales on a daily, constant currency basis were up 22.0% compared to the second quarter of 2021. Sales on a reported and daily basis in the quarter increased 19.6% as compared to the second quarter of 2021. Neither Q2 2022, nor Q2 2021 results contained any adjusting items, therefore separate adjusted results are not presented above. After another quarter that exceeded expectations, we are increasing our 2022 outlook and remain well-positioned to deliver an exceptionally strong year." "Our execution on our strategic initiatives is driving sustained growth and share gain across the business. "Our second quarter results reflect the team's continued commitment to serving customers extraordinarily well in this strong demand environment," said DG Macpherson, Chairman and CEO. DAILYSALES INC FULLIncreases full year 2022 guidance, including updated total Company daily sales growth of 14.5% - 16.5%, driving EPS range of $27.25 - $28.75ĬHICAGO, J/PRNewswire/ - Grainger (NYSE: GWW) today reported results for the second quarter of 2022 with sales of $3.8 billion, up 19.6%, or 22.0% on a daily, constant currency basis compared to the second quarter 2021, driven by strong performance in both segments.Published 11th Environmental, Social and Governance report highlighting Grainger's focus on driving sustainable supply chain operations and furthering diversity, equity and inclusion.Returned $219 million to shareholders through dividends and share repurchases.Generated operating earnings of $534 million, up 60.0%, resulting in EPS of $7.19, an increase of 68.4% versus the second quarter of 2021.Expanded gross margin by 255 bps compared to the second quarter of 2021.Delivered sales of $3.8 billion, up 19.6%, compared to the second quarter of 2021 up 22.0% on a daily, constant currency basis.Solid execution of strategic growth initiatives drives continued strong results Company raises full year 2022 guidance
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