Tractor Supply (TSCO) Announces 6.1% Increase in Comps for Q210; Guides Q2 Revs and EPS
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Price: $34.94 -0.31%
Financial Fact:
Diluted (in shares): 134.26M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Diluted (in shares): 134.26M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Tractor Supply Company (Nasdaq: TSCO) today provided a business update for the second quarter ended June 26, 2010.
The Company's net sales for the second quarter 2010 increased 12.6% to $1.07 billion from $946.5 million in the second quarter of 2009. Same-store sales increased 6.1% compared with a same-store sales decrease of 2.7% in the second quarter of 2009. The Company anticipates that net income for the second quarter will be approximately $75.6 million to $76.7 million, or $2.03 to $2.05 per diluted share, compared to $54.8 million, or $1.50 per diluted share, in the prior year's second quarter.
Jim Wright, Chairman and Chief Executive Officer, stated, "We are delighted with our second quarter performance. Consumable, usable and edible categories, such as pet food and animal feed, continued to be solid sales drivers and contributed to our 6.9% comp transaction count increase. We had expected favorable moisture levels and were able to take advantage of this with strategic inventory allocation and effective markdown management. As a result, we achieved strong same-store sales, higher gross margin, expense leverage and better-than-expected earnings."
The Company will release its full second quarter 2010 results after the m
The Company's net sales for the second quarter 2010 increased 12.6% to $1.07 billion from $946.5 million in the second quarter of 2009. Same-store sales increased 6.1% compared with a same-store sales decrease of 2.7% in the second quarter of 2009. The Company anticipates that net income for the second quarter will be approximately $75.6 million to $76.7 million, or $2.03 to $2.05 per diluted share, compared to $54.8 million, or $1.50 per diluted share, in the prior year's second quarter.
Jim Wright, Chairman and Chief Executive Officer, stated, "We are delighted with our second quarter performance. Consumable, usable and edible categories, such as pet food and animal feed, continued to be solid sales drivers and contributed to our 6.9% comp transaction count increase. We had expected favorable moisture levels and were able to take advantage of this with strategic inventory allocation and effective markdown management. As a result, we achieved strong same-store sales, higher gross margin, expense leverage and better-than-expected earnings."
The Company will release its full second quarter 2010 results after the m
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