The industrial chains Fastenal (FAST) and W.W. Grainger (GWW) fell hard Tuesday after a soft May sales report from Fastenal.
The wholesale supplier of facilities maintenance gear reported sales up 18% in May to $275 million. That was above 17% growth in April, but well below January’s 21.4% pace.
It also fell short of expectations, putting the company at risk of missing analysts’ second-quarter sales projections. (…)
