Tractor Supply Co. (TSCO) reported a rise in fourth-quarter profit to $79.5 million, or $1.11 per share, from $70.5 million, or $0.96 per share, in the same quarter of prior year.
Net sales increased 3.7% to $1.29 billion from $1.24 billion in the prior year's fourth quarter. Same-store sales increased 4.7% compared to a very strong 7.6% increase in the prior-year period.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.03 per share on revenues of $1.28 billion for the quarter. Analysts' estimates typically exclude special items.
Net sales for the fiscal 2013 is expected to range between $5.07 billion and $5.17 billion, while same-store sales expected to increase 3% to 5%. The company anticipates net income per share for the full-year 2013 to range between $4.32 and $4.40. The outlook carries estimated costs of $0.06 to $0.07 per share pertaining to the relocation of its Southeast distribution center and its corporate data center, said Tractor Supply.
The Street expect the company to report earnings of $4.36 per share on revenues of $5.14 billion for fiscal 2013.
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