Fastenal Company : September 2011 Sales Information
10/13/2011| 08:40am US/Eastern
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SEPTEMBER 2011 INFORMATION
Fastenal Company and Subsidiaries (Fastenal) Release date: 10/13/11
Information Regarding Monthly Sales Amounts and Other Information
(Dollar amounts in thousands.)
Net sales and daily sales amounts for the month: 20112010Change
Net sales $ 245,005 206,274 18.8%
Business days 21 21 0.0%
Daily sales $ 11,667 9,823 18.8% See note below. Recap of cumulative daily sales change since January 20112010
Daily sales in January $ 9,658 8,133
Change in daily sales since January 20.8% 20.8%
Net sales growth (daily basis) for month: 20112010
Stores more than 10 years old* 11.7% 18.3% Stores more than 5 years old* 14.5% 18.9% Stores more than 2 years old* 15.2% 19.8% All locations regardless of age 18.8% 23.5%
* Age measured on the last day of the respective calendar year.
Definitions for above:
Net Sales - Net sales for the period indicated.
Daily Sales - Net sales for the period indicated divided by the number of business days.
Other information for month, quarter-to-date, year-to-date, or at month end:
Number of stores opened 2011 2010
Month | 10 | 27 |
Quarter-to-date | 19 | 45 |
Year-to-date | 94 | 90 |
Total store count | 2,566 | 2,453 |
Employee headcount at month end 2011 2010 Change
Total employee headcount 14,927 12,827 16.4% Absolute
Headcount
Full time equivalent (FTE) numbers for the period 2011 2010 Change Change
Store personnel - FTE 8,588 7,538 13.9% 15.3% Non-store selling personnel - FTE 927 679 36.5% 38.8% Selling personnel - FTE 9,515 8,217 15.8% 17.0%
Distribution and manufacturing personnel - FTE 2,325 2,012 15.6% 15.8% Administrative personnel - FTE 810 738 9.8% 10.6% Non-selling personnel - FTE 3,135 2,750 14.0% 14.6%
Total personnel - FTE 12,650 10,967 15.3% 16.4%
Commentary on sales growth and end markets:
Sales growth - The change in currencies in foreign countries (primarily Canada) relative to the United States dollar improved our daily sales growth rate by 0.5% during the month.
End market (daily sales change) - During the month, manufacturing customers grew 17.1% and non-residential construction customers grew 13.5%. The added growth noted above was driven by strong performance in our reseller and service end markets, as well as our international markets.
Next monthly sales release date: Thursday, November 3, 2011 at 7:00 AM (central time)
Next earnings release date: Wednesday, January 18, 2012 at 7:00 AM (central time)
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