Tractor Supply Sees Strong 2Q Profit

Reuters reports that Tractor Supply Co. forecast their second-quarter profit above analysts’ estimates and raised its full-year earnings outlook on tighter control of marketing expenses, sending the retailer’s shares up more than 8%.

The company, which sees macroeconomic and consumer-spending environment to remain challenging through the rest of the year, said it expects 2009 sales of $3.15 billion to $3.25 billion. It had earlier forecast sales of $3.2 billion to $3.3 billion.