Tractor Supply Company (TSCO) reported that its fourth-quarter net income increased to $38.25 million from $24.71 million last year. Earnings per share was $1.04 compared to $0.67 a year ago.
Net income without LIFO was $37.28 million or $1.01 per share compared to $37.26 million or $1.01 per share last year.
On average, 19 analysts polled by Thomson Reuters expected the company to report profit of $0.88 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $862.53 million from $799.50 million a year ago. Analysts expected revenue of $845.45 million for the quarter.
Same-store sales increased 0.7% for the quarter.
The company anticipates net sales for fiscal 2010 will be approximately $3.42 billion-$3.48 billion, with same-store sales expected to increase approximately 0.5%-2.5%. The company projects 2010 full year net earnings to range from $3.30-$3.42 per share. Exclusive of the LIFO provision, the company projects full year net earnings to range from $3.50-$3.62 per share.
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