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Tractor Supply profit up in Q1; opening 100+ stores

Brentwood, Tenn. -- Tractor Supply Co. reported Wednesday that net income for the quarter ended March 30 rose to $44 million, compared with $40.3 million in the year-ago period.

Sales increased 6.4% to $1.09 billion from $1.02 billion in the prior year's first quarter. Same-store sales edged up 0.5%.

The company said it expects capital expenditures to range between $240 million and $250 million including spending to support 100 to 105 new store openings in 2013, as well as to support construction of a southeast DC opening later this year and a new store support center slated to open in 2014.

 

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