Tractor Supply (TSCO) Tops Q2 EPS by 8c, Revenues Beat; Boosts FY18 EPS/Revenue Outlook
Tractor Supply (NASDAQ: TSCO) reported Q2 EPS of $1.69, $0.08 better than the analyst estimate of $1.61. Revenue for the quarter came in at $2.21 billion versus the consensus estimate of $2.17 billion.
- Net Sales Increased 9.7%; Comparable Store Sales Increased 5.6%
- Diluted Earnings Per Share Increased 35.2% to $1.69
- $324 Million of Capital Returned to Shareholders Year to Date
- Company Raises Fiscal 2018 Financial Guidance
“We delivered a solid second quarter with broad-based strength across our merchandise categories and geographies. Our 5.6% comparable store sales increase was driven by continued execution of our ONETractor strategy and merchandising initiatives that drove both average ticket and transaction count increases for the quarter. Even with a delayed start to the spring season, we were able to capitalize on the selling season for many spring products as we managed our inventories effectively. Given our performance year to date, we are raising our full year guidance for 2018,” said Greg Sandfort, Tractor Supply’s Chief Executive Officer.
GUIDANCE:
Tractor Supply sees FY2018 EPS of $4.10-$4.20, versus the consensus of $4.11. Tractor Supply sees FY2018 revenue of $7.77-7.8 billion, versus the consensus of $7.73 billion.
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