Tractor Supply Co (TSCO) Reports In-Line Q2 EPS; Sees FY Revs at Low End of Guidance

Tractor Supply Co (NASDAQ: TSCO) reported Q2 EPS of $0.95, in-line with the analyst estimate of $0.95. Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.6 billion.

Tractor Supply Co sees FY2014 EPS of $2.54-$2.62, versus the consensus of $2.54. Tractor Supply Co sees FY2014 revenue at low end of $5.62-5.70 billion, versus the consensus of $5.64 billion.

Greg Sandfort, President and Chief Executive Officer, stated, "Sales in our everyday core C.U.E. offerings were strong throughout the second quarter. However, unseasonably cool weather in the early part of the quarter negatively impacted sales of spring seasonal merchandise. As the weather improved midway through the quarter, sales of spring seasonal products improved and have continued to meet our expectations in July. I am proud of how our team responded resulting in our 25th consecutive quarter of increased comparable transaction count. Despite some of the early headwinds, we successfully delivered positive comparable store sales in each month of the quarter while minimizing the impact to merchandise margins. We ended the quarter in great shape from an inventory position and a go-forward merchandise perspective, and feel good about our ability to continue driving sales and earnings growth in the back half of the year."

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

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