Tractor Supply Q3 profit up 39%
Brentwood, Tenn. Tractor Supply Co. said Wednesday its third-quarter profit rose 39% as sales increased slightly and it improved its gross margin.
It earned $22 million in the quarter that ended Sept. 26, up from $15.9 million a year earlier.
Revenue rose 2% to $747.7 million from $733.9 million. Analysts had expected $749 million. Its gross margin rose to 32.9% of sales, compared with 29.8% in the prior year’s third quarter.
Same-store sales fell 5.1% during the quarter due to weak demand for seasonal big-ticket items, the company said.
Tiny Tillia launches gift line for BabiesRUs.com
LOS ANGELES Tiny Tillia Signature has launched a new line of gift sets exclusively created for BabiesRUs.com.
The collection ranges from $19.99 to $39.99 and includes bublle bath, detangler, bath mitt and hand sanitizer. It is available on Babiesrus.com beginning this fall.
Walmart works to maintain price leadership
BENTONVILLE, Ark. Walmart is working to maintain its price leadership by announcing that will offer deep discounts on thousands of items through the holiday period.
“Many of these prices represent the lowest we’ve offered in years, because we know these are tough times for American families,” said Eduardo Castro-Wright, vice chairman, Wal-Mart Stores. “We made a purposeful decision to focus initially on everyday staples as well as items that often require larger spending commitments in preparation for Thanksgiving and Christmas.”
The retailer announced that it well lower prices on select frequently purchased or popular toys, including ground beef, bananas and board games, in addition to offering it’s everyday value on other items.