GWW - W.W. Grainger Holds A Steady Ground With Margin Challenges
2024-06-21 03:50:55 ET
Summary
- GWW's High-Touch Solutions segment outperformed the market, but industry growth drivers are weakening in 2024.
- Challenges in the Endless Assortment segment due to seasonality and cost-price hike lag, affecting its operating profit margin.
- Going forward, I expect volume growth and pricing correction to accelerate revenue growth.
GWW Looks To Stay On Its Course
I discussed W.W. Grainger (GWW) in the past, and you can read the previous article here , published on April 8, 2024. Since then, the company has outperformed the market in its High-Touch Solutions segment. I think volume growth should accelerate revenue growth in the coming quarters. The industry growth drivers, however, appear to be losing ground in 2024....
W.W. Grainger Holds A Steady Ground With Margin Challenges