Fastenal Company (NASDAQ: FAST) reported its April sales were $570 million, a 14.8% growth over the prior-year period’s $497 million. Average daily sales were $27 million. Daily sales growth by geography was 21.1% in the United States, 19.7% in Canada and Mexico and 3.7% across other regions.
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Daily sales growth by product line was:
- Fasteners: 25.5%
- Safety: 16.7%
- Other: 17.8%
Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at iheller@distributionstrategy.com.