Fastenal’s May Sales Fall 3.2% - Modern Distribution Management

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Fastenal’s May Sales Fall 3.2%

Fastenal’s reported daily sales for the month also were down 3.2% versus a year ago as safety sales dipped 44.1% in May.
Fastenal 2022 1q sales

Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported May sales of $477.2 million, down 3.2% from the same month a year ago. The company reported daily sales of $23.9 million, also down 3.2% versus a year ago.

By region, U.S. sales decreased 6.1%, Canada/Mexico sales improved 32.1% and “rest of world” sales fell 23.1%.

By end market, manufacturing sales increased 18.9% while non-residential construction sales increased 4.4%, the company said.

By category, safety sales — a huge revenue driver during the pandemic — fell 44.1%, while fastener sales increased 28.2% and “other” improved 12.5%.

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