Fastenal Company’s (FAST – Analyst Report) share price went up after the industrial and construction supplies wholesale distributor announced sales results for the month of May. May daily sales improved from April and March — continuing the improving trend witnessed in Fastenal’s top line year-to-date.
May net sales rose 8.3% year over year to $313.5 million. Daily sales for the month grew 13.5% to $14.93 million, much better than May last year. Moreover, daily sales increase in May was better than 10% and 11.6% growth in April and March, respectively. Currency was a 0.5% headwind in the month.(…)
via Fastenal’s May Sales Accelerate Versus April – June 6, 2014 – Zacks.com.