Tractor Supply Company (NASDAQ:TSCO) delivered a profit and beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Tractor Supply Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 20.7 percent to $1.75 in the quarter versus EPS of $1.45 in the year-earlier quarter.
Revenue: Rose 12.68% to $1.46 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tractor Supply Company reported adjusted EPS income of $1.75 per share. By that measure, the company beat the mean analyst estimate of $1.71. It beat the average revenue estimate of $1.44 billion.
Quoting Management: Greg Sandfort, President and Chief Executive Officer, stated, “We anticipated a late start to spring this year, and entered the second quarter well-positioned to take advantage of the seasonal shift. As a result, we delivered a solid increase in store traffic, strong same-store sales growth across geographic regions and double-digit EPS growth. Despite the seasonal change, our team managed the business effectively and continued to do a great job serving our customers, with C.U.E. categories posting solid increases in both sales and units and contributing to our 21st consecutive quarter of year-over-year same-store transaction count increases.”
Key Stats (on next page)…
Revenue increased from $1.09 billion in the previous quarter. EPS increased 35.48% from $0.62 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.83 and has not changed. For the current year, the average estimate is a profit of $4.45, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)