Grainger (NYSE:GWW) shares rose more than 8% since the company’s reported Q3 results on Friday. EPS came in at $8.27, better than the Street estimate of $7.21. Revenue was $3.94 billion, beating the Street estimate of $3.89 billion.
The company provided its fiscal 2022 outlook, expecting EPS in the range of $29.10-$29.70, compared to the Street estimate of $28.10, and revenue in the range of $15.1-15.2 billion, compared to the Street estimate of $15.09 billion.
Despite escalating recession fears, the company is still seeing no signs of slowing into October. The company disclosed that preliminary October total company daily sales grew 16%, adding that it is not seeing any slowing in demand in its business, despite recession risks rising.