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Fastenal Company Message Board

  • blutarski313 blutarski313 Feb 5, 2014 10:28 AM Flag

    dont let monthly sales fool you!

    do the simple math!! company had almost 2500 more employees this month versus last year. assuming total annual cost with all fringes of $45,000 per person is $113mm of incremental annual expenses or $9.4mm per month. this means monthly sales have to be up $19mm (use 51% gross margin) just to cover the expenses. monthly sales were up $18.3mm. didnt get there. and by the way, i am not including any new store expenses, increased distribution costs, etc. here comes the margin squeeze!

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