Grainger raises 2026 EPS outlook to $45.50-$47.25 after Q2 profit rise
Grainger reported second-quarter 2026 sales of $5.0 billion, up 10.3%, and diluted EPS of $12.01, up 20.5% from a year earlier. The company raised its full-year 2026 guidance, including a diluted adjusted EPS range of $45.50 to $47.25, up from $44.25 to $46.25 previously. Results include IEEPA tariff refunds that reduced cost of goods sold by $43 million.
Key points
- Q2 2026 net sales were $5.0 billion, up 10.3%; daily, organic constant currency sales rose 13.7%
- Diluted EPS was $12.01 versus $9.97 in Q2 2025; operating margin was 16.1%, up 120 basis points
- Full-year 2026 diluted adjusted EPS guidance raised to $45.50-$47.25 from $44.25-$46.25 (as of May 7, 2026)
- Returned $341 million to shareholders through dividends and share repurchases; free cash flow was $333 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.