FAST - Why Industrial And Construction Supplies Distributor Fastenal's Shares Are Gaining Today | Benzinga
Fastenal Company (NASDAQ: FAST) reported third-quarter FY23 sales growth of 2.4% Y/Y to $1.845 billion, marginally missing the consensus of $1.85 billion.
The company's net daily sales growth increased 4% YoY. The company experienced higher unit sales primarily due to growth at its Onsite locations, particularly those opened in the last two years.
The impact of product pricing on net sales in the quarter was modestly positive, consistent with historical trends, versus the impact of product pricing on net sales in the 2022 third quarter ...