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Jul. 22, 2022 Source: Tractor Supply Co. news release BRENTWOOD, Tenn.-- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today reported financial results for its second quarter ended June 25, 2022. *Net Sales Increased 8.4%; Comparable Store Sales Increased 5.5% *Diluted Earnings per Share ("EPS") Increased 10.7% to $3.53 *Company Raises Fiscal 2022 Financial Outlook to Reflect Outperformance in the First Half of the Year "Tractor Supply had a strong second quarter that was in line with our expectations with record results on both sales and earnings. Our team's outstanding focus on serving our customers with the products and services they need to live the Out Here lifestyle allowed us to capture broad-based market share during the quarter," said Hal Lawton, Tractor Supply's President and Chief Executive Officer. Lawton continued, "Given the strong performance in the first half of the year, ongoing consistency of our sales performance, visibility into our cost structure and the quality of our inventory, we are raising our financial outlook for the full year. We believe Tractor Supply is uniquely positioned for growth with a resilient, domestic business model that has stood the test of time, despite our outlook for a highly inflationary and volatile environment. "Looking ahead, we will continue to focus on controlling what we can control, while making investments in our Life Out Here strategy to strengthen our business and create long term value for our shareholders." To read the entire report click here. Tweet |
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