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Fastenal Discloses Some Good News About Inflation as Earnings Top Estimates

Por: MarketWatch Business October 13, 2022

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In the second quarter, earned 50 cents a share on $1.78 billion in sales in the second quarter. That was, essentially, in line with Wall Street expectations. Still, the stock fell 6.4% as management noted some weakening of demand amid high inflation. Back , average daily sales grew 18% year over year. What’s more, prices increased about 7% year over year, rising as fast as costs. In the third quarter, ended in September, average daily sales... + full article



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