Fastenal Company, Winona, MN, reported sales for the year ended Dec. 31, 2008, were $2.34 billion, an increase of 13.5% from the prior year. Profit was up to $279.7 million, an increase of 20.2%.
In 2008, Fastenal opened 161 new stores, an increase of 7.5%.
Although the distributor had overall growth, its same-store sales saw a slowdown in the last three months of the year.
In the fourth quarter, Fastenal reported sales of $544.9 million, up 5% over the prior-year period. Profit increased 11.3% to $62.5 million.
More details on Fastenal’s year-end results in the Fastenal report
Fastenal Sales Up 13.5% in 2008
Fastenal Company, Winona, MN, reported sales for the year ended Dec. 31, 2008, were $2.34 billion, an increase of 13.5% from the prior year. Profit was up to $279.7 million, an increase of 20.2%.
In 2008, Fastenal opened 161 new stores, an increase of 7.5%.
Although the distributor had overall growth, its same-store sales saw a slowdown in the last three months of the year.
In the fourth quarter, Fastenal reported sales of $544.9 million, up 5% over the prior-year period. Profit increased 11.3% to $62.5 million.
More details on Fastenal’s year-end results in the Fastenal report <a href=http://files.shareholder.com/downloads/fast/517194768x0x264922/1154e166-79f3-4bc7-afba-441192cfa5ea/FAST_News_2009_1_20_Earnings.pdf" ...
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