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Tractor Supply Boosts FY21 Outlook - Quick Facts

While reporting financial results for the second quarter on Monday, rural lifestyle retailer Tractor Supply Co. (TSCO) raised its earnings, net sales and comparable store sales guidance for the full-year 2021, based on its strong performance in the first half of 2021 and on what it can reasonably predict at this time.

Second-quarter comparable store sales increased 10.5 percent on top of 30.5 percent growth last year with a two-year stack of 41.0 percent.

For fiscal 2021, the company now projects earnings in a range of $7.70 to $8.00 per share on net sales between $12.1 billion and $12.3 billion, with comparable store sales growth of 11 to 13 percent.

Previously, the company expected earnings in a range of $7.05 to $7.40 per share on net sales between $11.4 billion and $11.7 billion, with comparable store sales growth of 5 to 8 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.38 per share on net sales growth of 9.6 percent to $11.64 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 $500 million to $600 million and new store growth of about 80 new Tractor Supply and 10 new Petsense store openings.

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