Fastenal reported a 2% rise in January sales with mixed growth and lowered price target

From Stocktwits: 2025-02-06 12:18:36

Fastenal Co reported a 2% rise in January net sales to $652.24 million compared to the same period last year. Daily sales averaged $29,647, slightly higher than last year’s $29,085 figure. The United States saw 1.7% daily sales growth, while Canada/Mexico saw 5.9% growth. However, the rest of the world experienced an 8.8% decline. Fasteners sales dropped by 1.7%, while safety products grew by 3.7%. Retail sentiment on Stocktwits remained ‘bearish’. Stifel lowered Fastenal’s price target to $82 from $86, citing a difficult industrial macro environment. Shares are up 3% in 2025 and 6% over the past year.



Read more at Stocktwits: Fastenal Reports Marginal Rise In January Sales: Retail’s Not Impressed