Tractor Supply: Q2 Earnings Insights

Shares of Tractor Supply TSCO moved higher by 4% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 61.11% year over year to $2.90, which beat the estimate of $2.43.

Revenue of $3,176,000,000 up by 34.92% from the same period last year, which beat the estimate of $2,910,000,000.

Looking Ahead

Q3 EPS expected to be between $1.15 and $1.35.

Q3 revenue expected between $2,300,000,000 and $2,420,000,000.

Conference Call Details

Date: Jul 23, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.tractorsupply.com%2Finvestor-relations%2Foverview%2Fdefault.aspx&eventid=2395361&sessionid=1&key=082BBF7E8A793CF62158845B13FE5986&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $146.39

Company's 52-week low was at $63.89

Price action over last quarter: Up 44.25%

Company Description

Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 1,863 stores in 49 states, and 180 Petsense stores. Stores are typically located in towns outside of urban areas and in rural communities. Through the end of 2019, revenue consisted primarily of livestock and pet (47%), hardware, tools, and truck (21%), and seasonal gift and toy (20%).