Tractor Supply Company Reports Sales Up For 4Q

Tractor Supply Co., the largest retail farm and ranch store in the U.S. said for it’s fourth quarter, net sales increased 19.7%, to $1.03 billion, from $862.5 million in the year prior. Same-store sales increased 13.1% compared to a 0.7% increase in the prior-year period. The company said they anticipate net sales for fiscal 2011 will be approximately $4.00 billion to $4.07 billion, with same-store sales expected to increase approximately 2.5% to 4.5%.

For the full year, the company expects approximately 80 to 85 new store openings.

Chairman-CEO of the company, James Wright said, “We are excited about entering a new year with significant opportunities ahead for the business. We are beginning to benefit from the plans that we put in place over the past several years and, with continued solid execution, we expect to build on our momentum as we grow and improve our business. At the same time, we intend to leverage the strength of our balance sheet to continue investing in the business and returning value to our shareholders for the long-term.” ◆