Tractor Supply (TSCO) Tops Q3 EPS by 5c; Bumps Outlook

Tractor Supply (NASDAQ: TSCO) reported Q3 EPS of $0.55, $0.05 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.32 billion.

Tractor Supply sees FY2014 EPS of $2.54-$2.62, versus the consensus of $2.55. Tractor Supply sees FY2014 revenue of $5.62-5.70 million, versus prior guidance of $5.64 million.

Greg Sandfort, President and Chief Executive Officer, stated, "We had a solid third quarter and are pleased with our results. Our sales growth was broad-based and well-balanced across our chain of stores and throughout the quarter. Once again, the team did a great job managing product assortments and inventory levels to address seasonal trends and external factors. This drove healthy comparable store sales increases in both traffic and ticket, which in turn led to strong increases in sales, operating margin and earnings. This represents our 26th consecutive quarter of positive comp transaction counts and is a confirmation of the needs-based nature of our customers and the merchandise we sell to them."

For earnings history and earnings-related data on Tractor Supply (TSCO) click here.

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