Market Overview

Tractor Supply Shares Continue Lower as FY14 Guidance Weighs

Related TSCO
Get Ready For Retailer Execs To Blame Easter For Poor Earnings
Benzinga's Top Upgrades, Downgrades For April 13, 2017

Shares of Tractor Supply Co. (NASDAQ: TSCO) are trading down in Wednesday's post-market session amid favorable fourth quarter results but guidance which seems to be concerning to investors.

The company reported growth on both the top and bottom lines and showed a 3.5 percent increase in same-store sales. Earnings came in at $0.68 per share on sales of $1.42 billion. Analysts had been expecting EPS of $0.65 on sales of $1.43 billion.

Tractor Supply said it will be looking for FY14 sales in the range of $5.62 to $5.7 billion, below the analyst consensus estimate of $5.72 billion. Earnings are expected to be in the range of $2.54 to $2.62, compared to the analyst estimate of $2.67. The company said it is anticipating comparable-store sales up 2.5% to 4% and an increase in capex, from $240M to $250M.

The company's stock was down approximately 2.4 percent to $69 at the end of the day's session; shares down another 6 percent to $64.90 at last check.

Posted-In: Earnings News Guidance Movers


Related Articles (TSCO)

View Comments and Join the Discussion!