Tractor Supply Company (NASDAQ: TSCO) 4Q18 Results: Beats Consensus Estimates, Guidance in Line with Consensus

Executive Summary

• Tractor Supply reported 4Q18 EPS of $1.11, up 27.6% and beating the $1.09 consensus estimate. Revenues were $2.13 billion, up 9.2% and ahead of the $2.10 billion consensus estimate.
• Comps were 5.7%, beating the 3.7% consensus estimate, comprising a 3.0% increase in average ticket and a 2.6% increase in transaction count.
• The company guided for 2019 revenues of $8.31–$8.46 (up 5–7%) and in line with the $8.42 billion consensus estimate, for comps of 2–4% and EPS of $4.60–$4.75 (up 7–10%), in line with consensus of $4.71.