Tractor Supply -7.2% AH on Q2/2014 warning

Tractor Supply (TSCO) had Q2 sales of $1.58B (+8.8% Y/Y), below a $1.6B consensus. The company expects Q2 EPS of $0.94-$0.95, below a $1.02 consensus. Gross margin is expected to be flat Y/Y.

Moreover, Tractor Supply now forecasts full-year revenue, EPS, and same-store sales will be at the low end of prior guidance ranges of $5.62B-$5.7B, $2.54-$2.62, and 2.5%-4%. Revenue and EPS consensus are at $5.67B and $2.62.

Same-store sales rose 1.9% Y/Y in Q2, down from 2.2% in Q1 and 7.2% a year ago. Solid traffic and strong sales of consumable, usable, and edible products was partly offset by weak sales of seasonal products (mostly in Northern regions), ongoing softness in TSCO's safe category, and deflation.

Full Q2 results arrive on July 23.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs