Tariff Refund Benefits Boost Gross Margin
High-Touch Solutions N.A. segment gross margin increased 80 basis points, primarily due to tariff refund benefits recognized in the quarter, which more than offset higher freight costs.
At the archive date, W.W. GRAINGER, INC. was expected to release its Q3 2026 10-Q filing on November 4, 2026. Last quarter: Grainger delivered double-digit sales and earnings growth in Q2 FY2026, driven by volume and tariff refunds, with margins expanding across both segments.
EPS Estimate
$11.80
Revenue Estimate
$5.12B
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the GWW page for retained reports.
Drawn from management commentary in the Q2 2026 10-Q:
High-Touch Solutions N.A. segment gross margin increased 80 basis points, primarily due to tariff refund benefits recognized in the quarter, which more than offset higher freight costs.
Daily, organic constant currency net sales grew 13.7%, excluding currency and divestiture impacts, indicating strong core demand across both segments.
SG&A growth of 9.3% was partially offset by a benefit from the exit from the U.K. market (Cromwell and Zoro U.K.) completed in Q4 2025.
Revenue
$5.02B
+10.25% YoY
EPS (Diluted)
$12.01
+20.46% YoY
Gross Margin
39.5%
+1.0 pts YoY
Operating Income
$807M
+19.03% YoY
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