Tractor Supply profits soar in Q4

U.S. farm and ranch retailer Tractor Supply Co. reported that its Q4 sales increased 15.3 percent to $3.32 billion from $2.88 billion a year prior. Comp sales rose 12.7 percent, compared with a 27.3 percent hike in the previous Q4. Net income soared by 62.9 percent to $221.3 million from $135.9 million. Diluted earnings per share increased 67.8 percent to $1.93 from $1.15 in the comparable period of 2021.