US Industrial Distributors March Foot Traffic Rises YoY

Jefferies reports March foot traffic across US industrial distributors rose sequentially, with all tracked firms showing year‑over‑year gains.
Grainger’s March visits rose 10.6% YoY, Wesco increased 5.9%, Parker Hannifin 1.7%, Fastenal fell 1.1%, Pool Corp surged 14.4%.
Consensus forecasts project Q1 sales growth of 2.9% for Parker Hannifin, 7.3% for Wesco’s solutions segment, and about 2.3% for Pool Corp.
Foot traffic data, based on cellphone geo‑location from roughly 25 million devices, shows ISM remaining in expansion territory for two consecutive months.