Tractor Supply (TSCO) Reports In-Line Q4 EPS; Guides In-Line

Tractor Supply (NASDAQ: TSCO) reported Q4 EPS of $0.82, in-line with the analyst estimate of $0.82. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.65 billion.

GUIDANCE:

Tractor Supply sees FY2016 EPS of $3.40-$3.48, versus the consensus of $3.46. Tractor Supply sees FY2016 revenue of $6.9-7 billion, versus the consensus of $6.92 billion.

Greg Sandfort, President and Chief Executive Officer, stated, "While our fourth quarter sales were below our expectations due principally to the record warm temperatures across most of the country, we effectively managed our markdown cadence and inventory flow throughout the period. As temperatures have normalized, sell-through of cold-weather seasonal items has improved. Further, we believe we have a solid plan in place to meet our customers' seasonal needs as we transition to the important spring selling season."

Mr. Sandfort continued, "We have a very loyal customer who continues to shop our stores for their everyday basic needs. We continue to take a long-term, balanced approach to managing and growing the business and believe we have the strategies and tools in place to meet our annual target of mid-teens earnings per share growth in 2016."

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

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