|$ in millions except per share amounts|
|Thirteen Weeks Ended||Twenty-six Weeks Ended|
|June 27,||June 28,||%||June 27,||June 28,||%|
|Diluted Net Earnings per Common Share||$||1.07||$||0.92||16||%||$||1.88||$||1.76||7||%|
- Sales for the quarter increased in all reportable segments and regions, with double-digit percentage growth in Industrial and Contractor segments.
- Gross margin rates were slightly lower than last year due to changes in product mix and lower margins from acquired operations.
- Expense leverage offset the effects of lower gross margin rates on operating earnings.
- In the first 6 months of the year, the Company used $65 million cash to acquire a business and returned $127 million to investors through dividends and Company stock repurchases.