Tractor Supply (TSCO) Tops Q1 EPS by 59c, Revenues Beat; Raises FY21 EPS/Revenue Guidance Above Consensus

Tractor Supply (NASDAQ: TSCO) reported Q1 EPS of $1.55, $0.59 better than the analyst estimate of $0.96. Revenue for the quarter came in at $2.79 billion versus the consensus estimate of $2.45 billion.

• Net Sales Increased 42.5%; Comparable Store Sales Increased 38.6%
• Diluted Earnings per Share (“EPS”) Increased 118.3% to $1.55
• E-commerce Sales Grew Triple Digits for the Fourth Consecutive Quarter

“The Tractor Supply team delivered an exceptionally strong start to the year, and our comparable store sales growth exceeded our expectations. This record performance was achieved by the more than 42,000 Tractor Supply Team Members who are committed to taking care of each other and our customers as the dependable supplier of the Out Here lifestyle. I continue to be incredibly proud of how the organization is responding in the current environment,” said Hal Lawton, Tractor Supply’s President and Chief Executive Officer.

Lawton continued, “Based on our strong performance in the first quarter, the positive macro factors and robust customer retention trends, we are raising our financial outlook for the year and now expect to deliver diluted EPS in the range of $7.05 to $7.40. We believe our resilient business model with a differentiated and loyal customer base, our strategic investments to capture growth opportunities and the strength of our balance sheet position us to capitalize on the momentum in our business in 2021 and beyond.”

GUIDANCE:

Tractor Supply sees FY2021 EPS of $7.05-$7.40, versus the consensus of $6.76. Tractor Supply sees FY2021 revenue of $11.4-11.7 billion, versus the consensus of $10.88 billion.

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

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