W.W. Grainger Inc

GWW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$634.00	Bpltyhp	Zqgrrdlcs

Grainger Earnings: Full-Year Earnings Meet Guidance Targets; 2024 Expectations Imply Stable Growth

Dawit Woldemariam

Feb 2, 2024

We increased our fair value estimate 6% to $550 (up from $520 previously). Grainger’s 2024 guidance came in above our expectations, leading us to adjust our near-term sales and margin expectations higher.

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