3/11/2013 3:35:00 PM
NEWS BRIEF
Fastenal Co. reported net sales increased 3.1% to $254.9 million in February, down from January’s 11.7% sales growth rate. February daily sales gained 8.2% to $12.7 million.
During February manufacturing customers grew 8.2%, up from 6.4% in January and non-residential construction customers grew 4.3% — nearly double the rate of growth for the previous month.
Fastenal opened one new store in February, bringing the company’s total store count to 2,656. The company has opened four stores in 2013.
Fastenal’s workforce shrunk 0.6% during the month as compared to February 2012. Last month’s labor figures for the company include a 12.9% gain in its non-store selling personnel and a 9.6% increase in manufacturing personnel, offset by declines in store personnel. ©2013 GlobalFastenerNews.com
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