Tractor Supply Q2 Profit Rises, Lifts FY13 Forecast - Quick Facts

(RTTNews) - Tractor Supply Co. (TSCO) Wednesday reported second-quarter profit of $123.6 million or $1.75 per share, up from $106.6 million or $1.45 per share in the same period last year.

On average, 26 analysts polled by Thomson Reuters expected the company to earn $1.71 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 12.7 percent to $1.46 billion from $1.29 billion in the prior year's second quarter. Same-store sales increased 7.2 percent, compared to a 3.2 percent growth last year. Analysts expected revenues of $1.44 billion.

Looking ahead to the fiscal year 2013, the company has raised its outlook to a range of $4.36 to $4.44 per share from its previous guidance of $4.32 and $4.40 per share. Revenues are currently projected in the range of $5.10 billion to $5.17 billion, up from $5.07 billion to $5.17 billion, announced previously.

Same-store sales for the year are now expected to increase 4 percent to 5 percent, compared to the prior expectation for an increase of 3 percent to 5 percent. analysts currently expect the company to report full-year earnings of $4.45 per share on revenues of $5.14 billion.