Tractor Supply reports record quarterly sales and profit, raises guidance

Tractor Supply Co. reported second-quarter net income of $396.5 million, or $3.53 per share, up from $370.0 million, or $3.19 per share, last year. Sales of $3.903 billion were up from $3.602 billion last year. The FactSet consensus was for EPS of $3.51 and sales of $3.892 billion. Same-store sales increased 5.5%, ahead of the FactSet consensus for 5.2% growth. Chief Executive Hal Lawton said in a statement that the rural retailer reached sales and profit records and is poised for further...