Tractor Supply Company (NASDAQ:TSCO) saw its stock climb 4.83% in premarket trading Thursday after the rural lifestyle retailer reported second-quarter results that exceeded Wall Street expectations and reiterated its full-year guidance, even as macroeconomic headwinds persist.
The company posted earnings per share of $0.81 for the second quarter, edging past analysts’ forecasts of $0.80. Revenue came in at $4.44 billion, marking a 4.5% year-over-year increase and topping the $4.39 billion consensus estimate. Comparable store sales rose 1.5%, driven by a 1.0% uptick in transaction count and a 0.5% gain in average ticket size.
“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. “Our team delivered solid results by capturing market share and curating a product assortment that underscores our leadership in rural retail.”
Gross margin expanded to 36.9%, up from 36.6% in the same period last year, which the company attributed to effective cost control and a focus on its everyday low price strategy. Operating income rose 2.9% year-over-year to reach $577.8 million.
During the quarter, Tractor Supply opened 24 new retail locations under its main brand and two new Petsense by Tractor Supply stores, while closing one Petsense store.
The company maintained its fiscal 2025 outlook, which includes net sales growth between 4% and 8%, comparable store sales growth of 0% to 4%, and diluted earnings per share ranging from $2.00 to $2.18. However, it slightly revised down its expected share buybacks to a range of $325 million to $375 million, below earlier projections.
Looking to the remainder of the year, Lawton said: “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.”
Tractor Supply Company stock price
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