logo
Plus   Neg
Share
Email

Tractor Supply Guides FY20 Below Estimates - Quick Facts

While reporting financial results for the fourth quarter on Thursday, Tractor Supply Co. (TSCO) initiated earnings, net sales and comparable store sales guidance for the full-year 2020.

Fourth quarter comparable store sales increased 0.1 percent on top of 5.7 percent comparable store sales growth in the same period last year.

For fiscal 2020, the company now projects earnings in a range of $4.90 to $5.10 per share on net sales between $8.75 billion and $ 8.90 billion, with comparable Store Sales growth of 1.5 to 3.0 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.21 per share on net sales growth of 6.7 percent to $8.96 billion for the year. Analysts' estimates typically exclude special items.

The company also expects share repurchases for fiscal 2020 to be in the range of $450 million to $550 million and new store growth of about 80 new Tractor Supply and 10 to 15 new Petsense store openings.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Groupe Renault plans to cut about 14,600 jobs across the world and lower its production capacity. The plan includes almost 4,600 jobs reduction in France, through voluntary retirement and retraining. Amazon said it will convert 125,000 of the 175,000 temporary workers it hired in March amid the coronavirus pandemic, to permanent full-time employees in June. The e-commerce giant had hired the temporary employees in March to meet strong consumer demand amid the lockdown. The job openings were in Amazon's fulfillment centers and its delivery network. Mitsubishi Motors North America inc. recalled 141,200 cars and sports utility vehicles (SUVs) due to potential corrosion of the front cross member because of salt water exposure such as from road salt use in cold-weather, according to the National Highway Traffic Safety Administration. The recall is expected to begin on July 14, 2020.
Follow RTT