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Tractor Supply reports earnings beat, raises guidance

·1 min read
Tractor Supply reports earnings beat, raises guidance
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Tractor Supply Co. reported third-quarter net income of $224.4 million, or $1.95 per share, up from $190.6 million, or $1.62 per share, last year. Sales of $3.018 billion were up from $2.607 billion last year. The FactSet consensus was for EPS of $1.66 and sales of $2.861 billion. Comparable sales growth of 13.1% beat the FactSet consensus for 7% growth. "Despite unprecedented pressures across our supply chain, we are raising our outlook for fiscal 2021 and are on track for a record year of sale