Tractor Supply Comparable Sales Rise 0.4% as Monthly Trends Improve

Tractor Supply Company’s comparable-store sales rose 0.4% in fiscal Q3 after a 1.5% drop in Q2, reversing direction as monthly sales trends improved through September. The quarter ended Sept. 26. Sales trends were negative in July, turned modestly positive in August and strengthened further in September. The quarterly increase reflected a 0.7% rise in comparable average ticket, partly offset by a 0.3% decline in comparable average transaction count. “Our third quarter marked a step forward for Tractor Supply, with improved sales momentum and broader strength across our business,” President and CEO Hal Lawton said.

Source: TokenPost