Tractor Supply Company (NASDAQ:TSCO) updated its financial expectations for Q2, now anticipating net sales growth of 8% and comparable store sales growth of 5% year-over-year. Q2 EPS is expected to be at least $3.48, compared to the Street estimate of $3.49.
According to the analysts at Oppenheimer, the consumer backdrop is currently quite fluid, particularly as COVID-19 headwinds fade and spending normalize. The analysts believe the company combines continued positive new unit growth prospects, benefits of favorable demographic shifts, and prospects for strengthening digital technologies to drive improved productivity and profitability, over time.