Fastenal Company (FAST – Analyst Report) has released disappointing sales figures for the month of February, as the company continued to report weakness in the industrial fasteners business.
February net sales increased 7.7% year over year to $321.3 million. Daily sales improved 2.6% to $15.3 million. Unfavorable currency impacted sales by 0.8% in the month, less than a negative impact of 1.2% last month.
via Fastenal Posts Soft February Sales, Fasteners Sales Slump – March 7, 2016 – Zacks.com.