Tractor Supply posts higher Q4 sales

Tractor Supply Co. this week said its Q4 sales rose by 31.3 percent to $2.88 billion. Comp sales increased 27.3 percent, compared to a 0.1 percent increase in the prior year’s Q4. Earnings amounted to $1.15 per share. Gross profit increased 34.2 percent to $995.5 million from $741.8 million in the fourth quarter of 2019. Net income was $135.9 million, or $1.15 per diluted share, compared to net income of $144.2 million ($1.21 per diluted share).