WW Grainger's first-quarter results beat on strong online sales

WW Grainger

01/05/2025 14:08

May 1 (Reuters) - WW Grainger GWW.N reported a first-quarter profit on Thursday that beat Wall Street estimates, helped by strong online demand for its maintenance and repair tools, adding that it expects to be able to weather the impact of tariffs.

Shares of the company, which reaffirmed its full-year forecasts, rose 2.5% to $1,050 in premarket trading.

Revenue from WW Grainger's online-only "Endless Assortment" unit rose 10% in the first quarter, while daily sales at its High-Touch Solutions segment increased 1.9%.

The company earned $9.86 per share, compared with analysts' average expectation of $9.49, according to data compiled by LSEG.

WW Grainger reported net sales of $4.31 billion, compared with estimates of $4.32 billion.

 (Reporting by Sameer Manekar in Bengaluru; Editing by Shounak Dasgupta)

 ((Sameer.Manekar@thomsonreuters.com))