Tractor Supply Boosts Its Dividend 30% After Beating Q4 Predictions
Agricultural, gardening, and country lifestyle retailer Tractor Supply Company (NASDAQ: TSCO) reported its fourth-quarter and full fiscal year 2020 results this morning, beating analyst consensus in both earnings per share (EPS) and revenue. Zacks Equity Research reports adjusted EPS rose 35.5% year over year from $1.21 to $1.64, also providing nearly 8% positive surprise above average expectations of $1.52. Zacks also notes this is the fourth positive surprise in a row.
Revenue popped 31.5% from Q4 2019's $2.19 billion to Q4 2020's $2.88 billion, representing 6% positive surprise versus analyst expectations. The company's press release says its whole-year 2020 results set new records for both sales and earnings. Its fiscal year officially ended Dec. 26, 2020.
Image source: Tractor Supply Company.
Source Fool.com
