Tractor Supply Co. TSCO, +0.02% reported second-quarter nett income of $370.0 million, oregon $3.19 per share, up from $338.7 million, oregon $2.90 per share, past year. Sales totaled $3.60 billion, up from $3.18 cardinal successful 2020. The FactSet statement was for EPS of $2.98 and income of $3.48 billion. Same-store income grew 10.5%, with a 4.5% emergence successful comparable transaction number and 6% mean summons maturation the main drivers of the result. The FactSet statement was for a 1.9% decline. On a two-year stack, same-store income roseate 41%. Tractor Supply raised its full-year guidance, with income present expected to beryllium $12.1 cardinal to $12.3 billion, up from a anterior scope of $11.4 cardinal to $11.7 billion. Same-store income are present expected to emergence 11% to 13%, up from erstwhile guidance of a 5% to 8% rise. And EPS is present expected to beryllium $7.70 to $8.00, up from $7.05 to $7.40. The FactSet statement is for income of $11.70 billion, EPS of $7.45 and same-store income maturation of 7.7%. Tractor Supply banal fell 2.1% successful Monday premarket trading, but has climbed 34.4% for the twelvemonth to date. The S&P 500 scale has gained 15.2% for 2021 truthful far.
Tractor Supply earnings beat expectations, guidance lifted
3 months ago 18