Fastenal's October Daily Sales Increase 2.8%, Stock Up
Fastenal(FAST) ZACKS·2024-11-08 01:15
Fastenal Company (FAST) recently released its October sales report, wherein average daily sales or ADS grew 2.8% year over year to $30.1 million, moderating sequentially but improving annually. In the prior month, daily sales registered 3.2% growth, and in the year-ago period, the same registered a 1.9% increase.The ADS is lower than the historical October daily sales growth average of down 2.1% month over month between 2018 and 2023 (excluding 2020).Net sales in October 2024 were $692.8 million, reflecting ...