Tractor Supply posts higher Q2 sales, profits

BRENTWOOD, Tenn. — Tractor Supply Co. reported that its Q2 net income rose 5.8% to $219.2 million from $207.3 million a year ago, while diluted earnings per share increased 6.5% to $1.80 from $1.69. Net sales for the quarter increased 6.3% to $2.35 billion from $2.21 billion in 2018. Comparable store sales rose 3.2%, driven by general merchandise categories. During the quarter, the company opened 15 new Tractor Supply stores and one new Petsense store.