Tractor Supply Q3 profit surges 46%, beats Street
Brentwood, Tenn. Farm and ranch supply retailer Tractor Supply Co. said late Wednesday that profit for the third quarter rose 46% to $32 million, compared with earnings of $22 million in the year-ago period.
The company cited increased sales of pet-related products and warm-weather items for the improvement.
Net sales rose 11% to $829.1 million, from $747.7 million. Wall Street expected revenue of $824.3 million.
Same-store sales rose 5%.