Tractor Supply: Strong Despite Headwinds
Here's our initial take on Tractor Supply Company's (NASDAQ: TSCO) second-quarter financial report.
Tractor Supply Company reported second-quarter results that came in ahead of expectations on both the top and bottom lines. Revenue grew by 4.5% year over year despite a difficult consumer spending environment, and comparable-store sales increased by 1.5% compared to a slight decrease in the same period last year.
During the quarter, Tractor Supply opened 24 new stores under its flagship brand as well as two Petsense by Tractor Supply stores. The company remains in growth mode, and management made clear that new store openings have been the primary growth driver recently.
Source Fool.com
