Grainger Has Strong First Quarter

Grainger had sales of $3,647 million for the first quarter of 2022, an increase of 18 per cent over sales of $3,084 million in the first quarter of 2021. On a daily basis, sales increased 16.4 per cent. Gross margin for the quarter was 37.9 per cent, a 245 basis point increase over the previous-year period. Operating earnings were up 49 per cent to $534 million compared to the prior-year period and operating margin was up 305 basis points to 14.6 per cent.