Brentwood, Tenn., Tractor Supply Co.’s net income for the fourth quarter ended Dec. 25 increased 32% to $22.3 million. Net sales for the quarter increased 17.4% to $456 million from $388.5 million last year. Same-store sales increased 7.7% vs. last year’s 9.6% gain.
“We are optimistic about 2005,” said president and CEO Jim Wright. “We are taking actions that we believe will support our growth, including continuing to invest in distribution capacity and systems, and executing our store rollout plan.”
For the fiscal year, net sales increased 18.1% to $1,738.8 million and same-store sales increased 9.9%. Net income for fiscal 2004 increased 15.8% to $65.4 million.