logo
Share SHARE
FONT-SIZE Plus   Neg

Tractor Supply Q1 Profit More Than Doubles

Tractor Supply Co. (TSCO), the largest retail farm and ranch store chain in the United States, reported net income for the first quarter of $40.3 million or $0.55 per share, compared to $18.3 million or $0.24 per share for the year-ago quarter.

Net sales for the first quarter increased 22% to $1.02 billion from $836.6 million in the prior year's first quarter. Same-store sales increased 11.5% with broad-based strength across all major product categories and driven, in part, by early spring weather in 2012.

Analysts polled by Thomson Reuters expected the company to earn $0.53 per share on revenue of $1.01 billion for the first quarter.

As reported in the company's business update issued on April 12, for the full year 2012, the company expects net sales to range between $4.61 billion and $4.68 billion, same-store sales to increase 4.0% to 5.5% compared to 2011 and net income to range between $260 million and $265 million, or $3.52 to $3.60 per share.

Analysts currently expect the company to earn $3.65 per share on revenue of $4.70 billion for the full year 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions. Oil company Exxon Mobil Corp. on Friday reported a 63 percent fall in profit for the first quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results were impacted by the fall in crude oil prices and weaker refining margins. However, Exxon Mobil's earnings beat analysts' estimates, while Chevron's loss was wider than their expectations.
comments powered by Disqus
Follow RTT