Tractor Supply (TSCO) Reports In-Line Q2 EPS; Guides In-Line

Tractor Supply (NASDAQ: TSCO) reported Q2 EPS of $1.16, in-line with the analyst estimate of $1.16. Revenue for the quarter came in at $1.85 billion versus the consensus estimate of $1.85 billion.

Greg Sandfort, Chief Executive Officer, stated, "While it's our job to manage the business through changes in weather and other external factors, the extreme weather patterns in the first two months of the quarter simply proved to be too much to overcome in the more seasonal segments of our business. We also do not anticipate that a significant shift in sales will come into the third quarter. As such, we have become a bit more cautious in our outlook for the remainder of the year, although last year's comparable sales comparisons are more favorable in the second half."

Mr. Sandfort continued, "Tractor Supply will continue to invest in our business to drive sales, shorten our supply chain timeline and increase our overall productivity and profitability as a company. We are continuing our test and learn process on the merchandise side, along with implementing an improved allocation system, expanding our new customer loyalty program pilot, growing our store mobile point of sale test and conducting a comprehensive distribution center network analysis. We are pleased with the progress we are making on all of these initiatives. We continue to manage the business with the future in mind and believe continuous improvement in our product and service offerings, in addition to improving systems and efficiencies, will keep Tractor Supply well positioned for growth."

GUIDANCE:

Tractor Supply sees FY2016 EPS of $3.35-$3.40, versus the consensus of $3.38. Tractor Supply sees FY2016 revenue of $6.8-6.9 billion, versus the consensus of $6.84 billion.

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

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