Tractor Supply Company up 4.25% on Higher Than Expected Q1 Guidance

Tractor Supply Company

is trading higher on the session followings its Q1 guidance update. The company said it sees a Q1 EPS of $0.53-0.55, which includes an estimated benefit of $0.09-0.11. The analysts are expecting an EPS of $0.33. Jim Wright, Chairman and Chief Executive Officer of Tractor Supply Company, stated, "We are delighted to have achieved record first quarter sales in excess of one billion dollars for the first time in Tractor Supply's history, with favorable customer response to our spring assortments and ongoing merchandising enhancements. The structural improvements we have made to our business in recent years have enabled us to adapt our assortments more readily to meet consumer demand and react quickly to take advantage of events such as the early spring weather seen in March. Looking ahead to the remainder of 2012, we believe we have the right product and marketing plans in place to maintain consumer engagement and drive continued profitable growth." Tractor Supply Company is currently trading at $96.23, a gain of $43.93 or 4.26%.