Tractor Supply Company Issues 2017 Outlook - Quick Facts

(RTTNews) - Tractor Supply Company (TSCO) announced, for fiscal 2017, the company targets: net sales in range of $7.22 billion - $7.29 billion; comparable store sales growth of 2.0% - 3.0%; and earnings per share in a range of $3.44 - $3.52. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.52 on revenue of $7.18 billion. Analysts' estimates typically exclude special items.

Net sales for the fourth quarter 2016 increased 16.4% to $1.92 billion from $1.65 billion in the fourth quarter of 2015. Comparable store sales increased 3.1%. Net income increased 10.6% to $123.6 million from $111.7 million, and earnings per share increased 14.6% to $0.94 from $0.82, prior year. The company estimates that the 53rd week in 2016 represented a benefit of approximately $0.055 per share.