Tractor Supply Company Sales Soar 35% in Its Second Quarter
Tractor Supply Company (NASDAQ: TSCO), the store for everything rural, had record sales growth in its fiscal second quarter as large swathes of the U.S. economy restarted. "Amid an extremely dynamic and uncertain environment, the Tractor Supply team is executing at a very high level," CFO Kurt Barton said.
For the period, which ended June 27, net sales increased by 35% to $3.18 billion and comp sales rose 30%, with double-digit percentage growth across all categories, as customers still largely stuck at home during the pandemic focused on their land, animals, and houses. Earning per share increased by 61% to $2.90. Gross margin increased from 34.9% to 36.4%.
Image source: Tractor Supply Company.
Source Fool.com
