W W Grainger beats Q3 sales and adjusted EPS estimates, raises outlook
GWW•W W Grainger reported Q3 sales of $5.18 billion and adjusted EPS of $12.54, beating estimates, and raised its 2026 sales, EPS and operating margin outlook.
1. Quarterly results
Q3 net sales rose 11.3% to $5.18 billion, above the $5.08 billion analyst estimate. Adjusted EPS increased 22.8% to $12.54, beating the $11.67 estimate; reported EPS was $12.42.
2. Raised 2026 outlook
The company now expects 2026 net sales of $19.8 billion to $20.0 billion, up from $19.4 billion to $19.7 billion. It raised diluted EPS guidance to $47.00-$48.00 from $45.50-$47.25 and expects operating margin of 16.0%-16.2%, compared with 15.8%-16.2% previously.
3. Sales and margin drivers
Double-digit volume growth and continued price inflation drove High-Touch Solutions sales. Endless Assortment growth was driven by MonotaRO and Zoro, while gross margin benefited from expansion in that segment and the exit from the UK market.
