The strong second quarter marks nine straight quarters of increased traffic to the company's 967 stores. Same-store sales increased 6.1 percent. The increase was broad-based and driven by strong sales in animal and pet-related products, as well as agricultural and seasonal products, including outdoor power equipment such as riding lawn mowers, Tractor Supply said.
Profits for the quarter reached $76.5 million, or $2.05 per share. Last year's second-quarter profits were $54.8 million, or $1.50 per share.
The company expects net sales to range from $3.49 billion to $3.53 billion and same-store sales to increase 2.5 percent to 3.5 percent for fiscal 2010. Net income is expected to range from $4 a share to $4.10 per share.
Contact Bonna Johnson at 615-726-5990 or firstname.lastname@example.org.
Real Estate Outlook: Up or Down?Local business briefs: Community Health Systems expands in S.C.