Key Developments For Tractor Supply Company
Tractor Supply Company (TSCO.O) (Nasdaq)
Tractor Supply Company Reiterates FY 2009 Outlook
Tractor Supply Company reiterated its fiscal 2009 outlook and it expects net sales to range from $3.17-$3.20 billion, same-store sales to decrease approximately 1.0%-2.0% and net income per diluted share (EPS) to range from $2.88-$2.98. According to Reuters Estimates, analysts were expecting the Company to report revenues of $3.19 billion and EPS of $2.98 for the same period.
Tractor Supply Company Issues Q3 2009 Earnings Outlook Above Analysts' Estimates; Raises FY 2009 EPS Outlook; Narrows FY 2009 Revenue Outlook To A Range In Line With Analysts' Estimates
Tractor Supply Company announced that for third quarter of 2009, it expects net income to be approximately $21.1-$22.2 million and net income per diluted share (EPS) of $0.58-$0.60. It raised fiscal 2009 earnings outlook and expects EPS to a range of $2.88-$2.98 compared to its previous outlook of $2.78-$2.92. The Company now anticipates fiscal 2009 net sales to be approximately $3.17-$3.20 billion and same-store sales to decrease approximately 1%-2%. According to Reuters Estimates, analysts were expecting the Company to report net profit of $16.8 million and EPS of $0.46 for third quarter of 2009; revenues of $3.20 billion and EPS of $2.86 for fiscal 2009.
Tractor Supply Company Expands Feed Offering With Purina and Nutrena Products
Tractor Supply Company announced that it will begin rolling out select Purina and Nutrena brand feeds in early October to its stores nationwide. The Company will offer these nationally recognized equine and livestock feed brands for the first time in its history. These brands will complement the current offering of Tractor Supply Company's own brand lines, DuMor and Producer's Pride.
Tractor Supply Company Reaffirms FY 2009 Guidance
Tractor Supply Company reaffirmed fiscal 2009 guidance and expects net sales to be in the range from $3.15-$3.25 billion, same-store sales to be in the range from approximately flat to a decrease of 2.0% and net income to be in the range of $2.78-$2.92 per diluted share (EPS). According to Reuters Estimates, analysts were expecting the Company to report revenue of $3.20 billion and EPS of $2.87 for the same period.
Tractor Supply Company Issues Q2 2009 Earnings Guidance Above Analysts Estimates; Lowers FY 2009 Revenue and Comparable Store Sales Guidance; Raises FY 2009 EPS Guidance
Tractor Supply Company anticipates that net income for the second quarter 2009 will be approximately $54.0-$54.8 million, or $1.48-$1.50 per diluted share. The Company now anticipates fiscal 2009 net sales will be approximately $3.15-$3.25 billion compared to its original expectations of $3.2-$3.3 billion. Same-store sales for fiscal 2009 are expected to be approximately flat to a decrease of 2% compared to the original expectation of an increase of approximately 1.5% to a decrease of approximately 1.5%. Based on the Company's performance in the first half of 2009, the Company has raised its expectations for fiscal 2009 net income to a range of $2.78-$2.92 per diluted share compared to its original guidance of $2.58-$2.74 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report net profit of $45.5 million and EPS of $1.24 for the second quarter 2009; revenue of $3.22 billion and EPS of $2.64 for fiscal 2009.
