WW Grainger falls after cutting 2024 revenue forecast

WW Grainger

01/08/2024 17:41

** Shares of industrial maintenance and safety products
supplier WW Grainger  GWW.N  fall ~5% to $926.95
    ** GWW lowers its annual sales forecast due to
slower-than-expected demand
    ** Co expects 2024 sales to be between $17 billion and $17.3
billion, down from its previous forecast of $17.2 billion to
$17.7 billion, issued in April
    ** Q2 sales rise 3.1% to $4.31 billion
    ** Stock down ~12% YTD as of last close

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com;))