Markets

Tractor Supply Company Updates 2019 Financial Guidance - Quick Facts

(RTTNews) - Tractor Supply Company (TSCO) announced, for fiscal 2019, the company projects adjusted earnings per share of $4.68 to $4.72, which excludes the after-tax impact of the executive transition agreement. Net sales are anticipated to be in the range of $8.40 billion to $8.42 billion, revised from prior guidance range of $8.40 billion to $8.46 billion. Comparable store sales growth are expected in a range of 3.2% to 3.4%, compared to its previous outlook of 3.0% to 4.0%. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.73 on revenue of $8.44 billion. Analysts' estimates typically exclude special items.

Third-quarter adjusted net income was $1.04 per share. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $1.03, for the quarter.

For the third-quarter, net sales increased 5.4 percent to $1.98 billion from $1.88 billion in the third quarter of 2018. Comparable store sales increased 2.9%, for the quarter. Analysts expected revenue of $2 billion, for the quarter.

The company opened 25 new Tractor Supply stores and one new Petsense store and closed one Tractor Supply store and two Petsense stores in the third quarter of 2019.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

TSCO

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More