Thursday, May 28, 2020

Tractor Supply expects huge second quarter

HBS Dealer
Tractor Supply Company has provided a forecast for its second quarter financial results and the company expects a record-breaking period.

The Brentwood, Tenn.-based farm and ranch retailer said that it expects net sales growth of 24% to 25% with comp store sales increasing 20% to 25%. Operating expenses for the second quarter will be at the high end of its previous guidance range of $30 to $50 million, primarily due to Tractor Supply’s response to the COVID-19 crisis, the company said. . . . more