GWW · 10-Q · 2026Q2 · Full report

Macroeconomic Factors Impact

W.W. GRAINGER, INC. · 2026-08-04 · Importance 29 · Surprise 24

Grainger reports continued volatility and uncertainty in commodity, labor, transportation, and global capital markets, driven by geopolitical developments and macroeconomic factors. Management is monitoring U.S. and key international markets for changes in interest rates, foreign-exchange rates, inflation, fuel and transportation costs, tariff and trade policies, and recession risk. The company is evaluating product-sourcing changes, cost management, and customer pricing to mitigate these effects, while noting that regional military conflict, tariff developments, and shifting government budget priorities could affect operations and results.

Key facts

• The Company stated global economy volatility includes commodity, labor, and transportation markets driven by geopolitical developments and macroeconomic factors that can influence demand, cost and execution risk. source
• The Company is actively monitoring economic conditions including uncertainty regarding evolving tariff and trade policies, changes in interest rates, foreign currency exchange rate fluctuations, inflationary pressures, rising fuel and transportation costs, and the risk of a global or regional economic recession. source
• The Company listed primary market risk exposures as changes in foreign currency exchange rates and commodity price risks and stated there were no material changes to market risk from the 2025 Form 10-K. source