Tractor Supply (TSCO) Tops Q1 EPS by 8c, Revenues Beat; Affirms FY19 EPS Mid-Point Guidance Below Consensus, FY19 Revenue Mid-Point Guidance Below Consensus

Tractor Supply (NASDAQ: TSCO) reported Q1 EPS of $0.63, $0.08 better than the analyst estimate of $0.55. Revenue for the quarter came in at $1.82 billion versus the consensus estimate of $1.81 billion.

• Net Sales Increased 8.3%; Comparable Store Sales Increased 5.0%
• Diluted Earnings Per Share Increased 10.5% to $0.63
• $192.9 Million of Capital Returned to Shareholders Through Share Repurchases and Quarterly Cash Dividends
• Company Confirms 2019 Financial Guidance

“Tractor Supply started off 2019 with strong performance in the first quarter with comparable store sales growth of 5.0% driven, once again, by balanced and broad-based sales growth across our differentiated model. Throughout the quarter, the team worked together to ensure that our seasonal product assortments and in-stock levels were appropriate to support our customers’ changing needs across our regions. As we enter the second quarter, we believe we are well-positioned to capitalize on the spring selling season,” said Greg Sandfort, Tractor Supply’s Chief Executive Officer.

“We continue to execute on our ONETractor strategy to provide our customers with a seamless shopping experience anytime, anywhere and in any way they choose, and we remain committed to creating sustainable long-term shareholder value.”

GUIDANCE:

Tractor Supply sees FY2019 EPS of $4.60-$4.75, versus the consensus of $4.70. Tractor Supply sees FY2019 revenue of $8.31-8.46 billion, versus the consensus of $8.43 billion.

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

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