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Stock impact report

Tractor Supply shares rise after earnings and sales beat expectations [MarketWatch]

Tractor Supply Company (TSCO) 
Last tractor supply company earnings: 4/23 07:18 am Check Earnings Report
US:NASDAQ Investor Relations: ir.tractorsupply.com
Company Research Source: MarketWatch
Tractor Supply Co. stock rose 1.3% in Thursday premarket trading after the rural lifestyle retailer reported first-quarter earnings and sales that beat expectations. Net income totaled $83.8 million, or 71 cents per share, up from $76.8 million, or 63 cents per share, last year. Sales of $1.96 billion were up from $1.82 billion last year. The FactSet consensus was for EPS of 69 cents and sales of $1.95 billion. Same-store sales grew 4.3%, also ahead of the 3.7% FactSet outlook. Tractor Supply is considered an essential retailer and says it has taken measures amid the COVID-19 outbreak with related costs totaling about $7 million for the quarter. Most of the costs were associated with worker pay, sanitation and sick leave coverage. Costs related to the pandemic are expected to reach $30 million to $50 million in the second quarter. The company is also accelerating capital spend to provide buy-online-pickup-in-store services, contactless payment and curbside pickup, and additional mobil Show less Read more
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