Tractor Supply Co.
topped fourth-quarter earnings and revenue expectations Thursday morning, calling out “continued strength in every day, needs-based merchandise.” The seller of farm products generated net income of $270.9 million, or $2.43 a share, up from $221.3 million, or $1.93 a share, in the year-before quarter. Analysts tracked by FactSet were modeling $2.35 in earnings per share. Net sales at Tractor Supply rose to $4.01 billion from $3.32 billion, while analysts had expected $3.88 billion.
topped fourth-quarter earnings and revenue expectations Thursday morning, calling out “continued strength in every day, needs-based merchandise.” The seller of farm products generated net income of $270.9 million, or $2.43 a share, up from $221.3 million, or $1.93 a share, in the year-before quarter. Analysts tracked by FactSet were modeling $2.35 in earnings per share. Net sales at Tractor Supply rose to $4.01 billion from $3.32 billion, while analysts had expected $3.88 billion.