More on Fastenal Q1: Net profit edges up

|About: Fastenal Company (FAST)|By:, SA News Editor

Fastenal (FAST) net profit climbed to $111.93M from $109.05M a year earlier.

Growth in net revenue was primarily due to higher unit sales.

Average daily sales +11.6% on year in March vs low single digits in July following investment in store employees.

The harsh winter held sales back in January and February, although March has been helped a bit by the timing of Easter. (PR)