Saturday, July 24, 2010

Tractor Supply's sales rise 12.6 percent in 2nd quarter

Brentwood-based Tractor Supply Co.'s sales increased 12.6 percent to $1.07 billion in the second quarter, and the company opened 19 new stores, capping off an "exceptional" first half of the year, chairman and CEO Jim Wright said on Wednesday.
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

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