GWW · NYSE
Consensus is $11.79 EPS for Sep 2026 across 6 estimates, ranging $11.49 to $12.02.
No consensus figures are on file, so the quarter cannot be assessed against an external estimate. Grainger delivered $5,021 million of revenue, up 10.3% from $4,554 million, accelerating from the 5.6% growth reported for the comparable prior-year period. Both segments contributed, with HTSNA carrying the results through $3,967 million of sales and $686 million of operating earnings, while Endless Assortment produced $1,054 million of sales and $121 million of operating earnings. Consolidated gross margin expanded to 39.5% from 38.5%, helped by tariff refund benefits in HTSNA, although higher freight costs were a partial offset. SG&A rose 9.3% to $1,177 million, primarily because of higher payroll and benefit expenses, but grew more slowly than gross profit. Operating earnings reached $807 million, up 19.0%, and attributable net earnings rose 18.3% to $570 million. The effective tax rate increased to 24.8% from 23.2%.
No forward revenue, earnings, margin, or capital-expenditure guidance was provided in the supplied filing, and no guidance ranges or changes to a prior guide are stated. Management instead emphasized uncertainty around commodity, labor, transportation, tariff and trade policies, interest rates, foreign-exchange movements, inflation, fuel and transportation costs, and recession risk. The company said it is monitoring conditions and evaluating sourcing, cost management, customer pricing, and supply-chain mitigation strategies. Management also noted that the timing and magnitude of these factors remain uncertain and that they may affect operations, financial condition, and results.
