Tractor Supply (TSCO) Tops Q3 EPS by 9c, Revenues Beat, Comp. Sales Up 5.1%; Boosts FY18 EPS/Revenue Outlook Above Consensus

Tractor Supply (NASDAQ: TSCO) reported Q3 EPS of $0.95, $0.09 better than the analyst estimate of $0.86. Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.82 billion.

“We are delighted with Tractor Supply’s third quarter results and are on track to deliver a strong year in 2018. Our 5.1% comparable store sales growth increase in the quarter was driven by continued execution of our ONETractor strategy that drove both average ticket and transaction count increases for the quarter. The team did a great job managing our product assortment, marketing events and store experience as we cycled a strong comparable store sales increase of 6.6% in the prior year’s third quarter. We have raised our full year outlook to reflect the strength of our business and the positive macro economic factors,” said Greg Sandfort, Tractor Supply’s Chief Executive Officer.

GUIDANCE:

Tractor Supply sees FY2018 EPS of $4.23-$4.27, versus the consensus of $4.21. Tractor Supply sees FY2018 revenue of $7.84-7.87 billion, versus the consensus of $7.8 billion.

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

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