More on Tractor Supply's Q3

• Tractor Supply (NASDAQ:TSCO) comparable store sales increased 5.6% Y/Y, revenue +12.6% to $1.36B.
• Gross margin decreased 30 bps to 34.1% mainly from higher transportation costs and the mix of merchandise sold.
• The Company opened 30 new stores vs. 23 last year.
• Raised FY revenue guidance to $5.62 - 5.7B vs. $5.6B consensus; EPS guidance $2.54 - 2.62 vs. $2.55 consensus.
• Shares +11% AH.