Benzinga | Oct 22, 2020 07:21AM EDT

Tractor Supply: Q3 Earnings Insights

Shares of Tractor Supply (NASDAQ:TSCO) fell 3.4% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 55.77% over the past year to $1.62, which beat the estimate of $1.33.

Revenue of $2,607,000,000 up by 31.40% from the same period last year, which beat the estimate of $2,390,000,000.

Looking Ahead

Q4 EPS expected to be between $1.37 and $1.47.

Q4 revenue expected between $2,600,000,000 and $2,700,000,000.

Details Of The Call

Date: Oct 22, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/wcc/r/2630326/9DFAD44312D30BC5F237C16C6F30AE5A

Price Action

52-week high: $157.07

Company's 52-week low was at $63.89

Price action over last quarter: Up 1.77%

Company Description

Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 1,881 stores in 49 states, and 180 Petsense stores. Stores are typically located in towns outside of urban areas and in rural communities. Through the end of 2019, revenue consisted primarily of livestock and pet (47%), hardware, tools, and truck (21%), and seasonal gift and toy (20%).