Tractor Supply Co. TSCO, +0.02% reported second-quarter net income of $370.0 million, or $3.19 per share, up from $338.7 million, or $2.90 per share, last year. Sales totaled $3.60 billion, up from $3.18 billion in 2020. The FactSet consensus was for EPS of $2.98 and sales of $3.48 billion. Same-store sales grew 10.5%, with a 4.5% rise in comparable transaction count and 6% average ticket growth the main drivers of the result. The FactSet consensus was for a 1.9% decline. On a two-year stack, same-store sales rose 41%. Tractor Supply raised its full-year guidance, with sales now expected to be $12.1 billion to $12.3 billion, up from a prior range of $11.4 billion to $11.7 billion. Same-store sales are now expected to rise 11% to 13%, up from previous guidance of a 5% to 8% rise. And EPS is now expected to be $7.70 to $8.00, up from $7.05 to $7.40. The FactSet consensus is for sales of $11.70 billion, EPS of $7.45 and same-store sales growth of 7.7%. Tractor Supply stock fell 2.1% in Monday premarket trading, but has climbed 34.4% for the year to date. The S&P 500 index has gained 15.2% for 2021 so far.
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