FX.co ★ W.W. Grainger Narrows FY24 Outlook Range - Update

In its financial report for the third quarter released on Thursday, W.W. Grainger, Inc. (GWW) has refined its earnings and net sales forecast for the entire fiscal year 2024. The company now anticipates earnings to range between $38.65 and $39.35 per share, with net sales projected to fall between $17.1 billion and $17.3 billion. Previously, the expected earnings were estimated to be between $38.00 and $39.50 per share, with the net sales forecast in the range of $17.0 billion to $17.3 billion. Analysts surveyed by Thomson Reuters, on average, forecast the company’s earnings to be approximately $38.71 per share, with total revenue projected at around $17.21 billion for the year. It is important to note that analysts’ estimates typically do not account for special items.