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This morning Fastenal (#FAST) announced their Q1 earnings and fell in-line with analyst expectations. The company reported GAAP EPS of $0.37 and revenue of $1.42B (+3.6% Y/Y).
Shares of #FAST were trading down at $49.98 (-1.44%), after the company announced that Q1 total gross profit margin shrank to 45.4% from 46.6% in the year-ago quarter. Should investors be worried about the slip in margin? Or should they buy every dip that occurs?