<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GRACO INC.
AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS AND CONSOLIDATED BALANCE
SHEETS FOR THE FISCAL YEAR ENDING DECEMBER 30, 1994 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000042888
<NAME> GRACO INC.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-30-1994
<PERIOD-END>                               DEC-30-1994
<CASH>                                           2,444
<SECURITIES>                                         0
<RECEIVABLES>                                   80,284
<ALLOWANCES>                                     4,695
<INVENTORY>                                     50,529
<CURRENT-ASSETS>                               143,945
<PP&E>                                         145,164
<DEPRECIATION>                                  75,124
<TOTAL-ASSETS>                                 228,385
<CURRENT-LIABILITIES>                           89,540
<BONDS>                                         11,948
<COMMON>                                        11,377
<PREFERRED-MANDATORY>                            1,474
<PREFERRED>                                          0
<OTHER-SE>                                      69,000
<TOTAL-LIABILITY-AND-EQUITY>                   228,385
<SALES>                                        360,013
<TOTAL-REVENUES>                               360,013
<CGS>                                          186,002
<TOTAL-COSTS>                                  186,002
<OTHER-EXPENSES>                               150,585
<LOSS-PROVISION>                                 1,147
<INTEREST-EXPENSE>                               1,923
<INCOME-PRETAX>                                 23,426
<INCOME-TAX>                                     8,100
<INCOME-CONTINUING>                             15,326
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    15,326
<EPS-PRIMARY>                                     1.32
<EPS-DILUTED>                                     1.32