Fastenal Company FAST has come out with February sales report, wherein average daily sales grew 4.7% to $21.6 million from 3.6% and 1% growth registered in January 2020 and December 2019, respectively. In February 2019, daily sales grew 10.5%. Notably, daily sales on a seasonal basis were up 2.5% compared with the company’s benchmark (historical five-year average) of 1.2%. Hence, after missing normal seasonal patterns in January by 30 basis points (bps), Fastenal beat the seasonality by 130 bps in February.(…)
via Fastenal (FAST) February Sales Witness Sequential Increase | Nasdaq.