MAY 2011 INFORMATION
Fastenal Company and Subsidiaries (Fastenal) Release date: 6/3/11 Information Regarding Monthly Sales Amounts and Other Information (Dollar amounts in thousands.) Net sales and daily sales amounts for the month: 20112010Change Net sales $ 232,046 180,258 28.7% Business days 21 20 5.0%
Daily sales $ 11,050 9,013 22.6% 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 14.4% 10.8% Net sales growth (daily basis) for month: 20112010 Stores more than 10 years old* 16.4% 17.6% Stores more than 5 years old* 17.9% 17.3% Stores more than 2 years old* 19.2% 18.5% All locations regardless of age 22.6% 21.1% * 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 | 9 | 7 |
Quarter-to-date | 20 | 8 |
Year-to-date | 57 | 37 |
Total store count | 2,542 | 2,400 |
Employee headcount at month end 2011 2010 Change
Total employee headcount 14,282 12,040 18.6% Absolute Headcount
Full time equivalent (FTE) numbers for the period 2011 2010 Change Change
Store personnel - FTE 8,345 7,145 16.8% 16.8% Non-store selling personnel - FTE 860 583 47.5% 50.0% Selling personnel - FTE 9,205 7,728 19.1% 19.0% Distribution and manufacturing personnel - FTE 2,222 1,910 16.3% 18.5% Administrative personnel - FTE 787 702 12.1% 14.2% Non-selling personnel - FTE 3,009 2,612 15.2% 17.5% Total personnel - FTE 12,214 10,340 18.1% 18.6%
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 1.1% during the month.
End market (daily sales change) - During the month, manufacturing customers grew 18.7% and non-residential construction customers grew 17.7%. 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: Tuesday, July 12, 2011 at 7:00 AM (central time) Next earnings release date: Tuesday, July 12, 2011 at 7:00 AM (central time)