W.W. Grainger's
(
GWW) third quarter adjusted EPS improved 32% year over year while revenues jumped 19%; both outperforming Zacks Consensus Estimates. For fiscal 2010, Grainger maintained its sales growth guidance in the range of 14% to 15% and raised its EPS guidance.
For fiscal 2011, Grainger forecasts EPS between $7.15 and $7.90, driven by 5% to 9% growth in sales. Grainger remains focused on expanding its product offering and has the financial flexibility to further invest in growth opportunities, increase dividends and reinvest capital through share repurchases.
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