Winona, MN - Fastenal Companyreleased the numbers for their May sales month, noting that net sales rose 5.3% year over year.
Net sales in May of 2013 were $289,440 (Dollar amounts in thousands), up from 274,836 in the same month of 2012. The daily sales were $13,156, up 5.3% from 12,493 in 2012.
Commentary on sales growth and end markets:
End market (daily sales change) - During the month, manufacturing customers grew 5.3% and non-residential construction customers contracted 0.2%.
Sales growth - The change in currencies in foreign countries (primarily Canada) relative to the United States dollar reduced our daily sales growth rate by 0.1% during the month.
Fastenal has opened 16 stores in 2013. The company now has 2,665 in operation.
For the full report, please visit www.fastenal.com.