Tractor Supply (TSCO) Tops Q2 EPS by 1c; Boosts Outlook

Tractor Supply (NASDAQ: TSCO) reported Q2 EPS of $1.12, $0.01 better than the analyst estimate of $1.11. Revenue for the quarter came in at $1.77 billion versus the consensus estimate of $1.77 billion.

Tractor Supply sees FY2015 EPS of $3.00-$3.08, versus prior guidance of $2.95-$3.05 and the consensus of $3.07. Tractor Supply sees FY2015 revenue of $6.25-6.66 billion, versus prior guidance of $6.2-6.3 billion and the consensus of $6.32 billion.

Greg Sandfort, President and Chief Executive Officer, stated, "We had a solid second quarter and were pleased with the sales trends during the quarter. Our merchandise, planning and store teams did an excellent job of managing assortments and driving strong sales and margins for the quarter. Once again, sales growth was broad based across all our merchandise categories and geographic regions and we saw growth in both traffic and ticket. Continued execution of our price and inventory management strategies contributed to healthy increases in gross margin. Looking ahead, we believe our marketing and merchandising initiatives, along with our strategic investments in the business, have us well positioned for the late summer and early fall selling season."

For earnings history and earnings-related data on Tractor Supply (TSCO) click here.

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