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BRENTWOOD, Tenn. - On Thursday, Tractor Supply Company (NASDAQ:TSCO) the rural lifestyle retailer posted better-than-expected second quarter results and reaffirmed its full-year outlook despite economic uncertainties.
The company’s shares jumped 4.83% in pre-market trading following the release.
The company reported second quarter earnings per share of $0.81, exceeding analyst estimates of $0.80, while revenue rose 4.5% YoY to $4.44 billion, surpassing the consensus forecast of $4.39 billion. Comparable store sales increased 1.5%, reflecting a 1.0% rise in transaction count and a 0.5% increase in average ticket value.
"We are pleased with our second quarter performance, reflecting the continued strength of our core categories and strong execution despite a delayed spring," said Hal Lawton, President and Chief Executive Officer of Tractor Supply. "Our team delivered solid results by capturing market share and curating a product assortment that underscores our leadership in rural retail."
Gross margin improved to 36.9% from 36.6% in the prior year’s quarter, primarily due to disciplined product cost management and the company’s everyday low price strategy. Operating income increased 2.9% to $577.8 million.
The company opened 24 new Tractor Supply stores and two new Petsense by Tractor Supply stores during the quarter, while closing one Petsense location.
Tractor Supply reaffirmed its fiscal 2025 guidance, projecting net sales growth of 4% to 8%, comparable store sales growth of 0% to 4%, and earnings per diluted share of $2.00 to $2.18. However, the company now expects share repurchases to be in the range of $325 million to $375 million, below its previous outlook.
Looking ahead, Lawton expressed confidence in the company’s position: "Despite external pressures, including economic uncertainty and shifting tariffs, our year-to-date performance and visibility into the remainder of the year provide a solid foundation to reaffirm our 2025 financial outlook."
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