Tractor Supply Co. (TSCO) reported a 5.1% decrease in third quarter same store sales Thursday morning. The company expects to report third quarter EPS of $0.58 to $0.60, compared to the consensus estimate of $0.46. Tractor Supply also increased its full year 2009 EPS forecast to between $2.88 and $2.98, from prior expectations of $2.78 to $2.92. The consensus estimate is for EPS of $2.86.
Tractor Supply Co. gapped open higher Thursday and has since risen sharply on above average volume. Shares are now up 2.06 at $52.86. The stock has been climbing since the beginning of the week and is now trading at its third consecutive new high for the year.
For comments and feedback: editorial@rttnews.com