Why Tractor Supply Company Rose 13% in November
Shares of rural lifestyle retailer Tractor Supply Company (NASDAQ: TSCO) rose 13.2% last month, according to data from S&P Global Market Intelligence .
Tractor Supply stock continued to benefit from the organization's Oct. 25 release of third-quarter 2017 earnings. The company reported revenue of $1.72 billion, an improvement of 11.6% over the prior-year quarter. Comparable store sales jumped 6.6%, and net income rose roughly 3% to $91.9 million. The company attributed the results primarily to sharp inventory management, as it capitalized on a prolonged spring/summer selling season created by higher moisture levels and moderate temperatures.
Investments in technology and digital selling also bolstered results. Tractor Supply enjoyed a 20% increase in unique online visits and noted that it continues to derive two-thirds of company site traffic from mobile devices. The company is enhancing its customer service-centered business model with new digital initiatives to lift sales further. For example, CEO Greg Sandfort discussed the company's "Mobile POS" and "Stockyard" pilot applications during management's October earnings conference call. Mobile POS helps store associates locate inventory items more quickly and enables them to complete sales on mobile devices while assisting customers. Stockyard opens up the organization's vendor inventory to associates, again on mobile devices, facilitating customer sales within a larger universe of products.
Source: Fool.com
Tractor Supply Company Aktie
Die Community zeigt großes Interesse an Tractor Supply Company mit vielen Buy- und wenigen Sell-Einschätzungen.
Ein positives, aber moderates Potenzial für Tractor Supply Company mit einem Kursziel von 252 € im Vergleich zu 238.1 €.
