W.W. Grainger Inc

GWW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$971.00	Tspgxr	Qybwshbx

Grainger’s Second-Quarter Results Show Its Ability to Thrive in a Tight Supply Environment

Dawit Woldemariam

Jul 29, 2022

Narrow-moat-rated Grainger reported another quarter of solid results, leading us to raise our fair value estimate to $415 from $390 previously. Given its position as a national distributor, Grainger has been adept at leveraging its global network of suppliers (thousands of suppliers) to secure industrial supplies, while smaller regional distributors lack the distribution network to secure supplies amid a period of major supply disruptions.

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