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Fastenal's Q4 sales rose but missed forecasts, profits fell, and stock dropped post-report.
Fastenal reported a 3.7% increase in Q4 sales to $1.825 billion, missing analysts' expectations.
Gross margin and operating income declined due to a weak manufacturing environment and unfavorable sales mix.
The company's digital sales grew to 62.2% of total sales.
Despite annual sales increasing by 2.7% to over $7.5 billion, quarterly profits fell 1.6%, and the stock dropped 1.7% post-report.
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Las ventas Q4 de Fastenal aumentaron, pero fallaron en las previsiones, las ganancias cayeron y las acciones cayeron después del informe.