Tractor Supply Company (NASDAQ: TSCO) 1Q19 Results: Revenues and Comps Beat Consensus Estimates While Guidance Remains in Line

Executive Summary

• Tractor Supply reported 1Q19 EPS of $0.63, up 10.2% and beating the $0.55 consensus estimate recorded by StreetAccount. Revenues were $1.82 billion, up 8.3% and marginally ahead of the $1.81 billion consensus estimate.
• Comps were 5.0%, beating the 4.0% consensus estimate, comprising a 3.2% increase in average ticket and a 1.8% increase in transaction count.
• The company maintained its guidance for 2019 revenues of $8.31–$8.46 billion, in line with the $8.43 billion consensus estimate, for comps of 2%–4% and EPS of $4.60–$4.75, in line with consensus of $4.71.