Courtesy of Benzinga.
Tractor Supply Company (NASDAQ: TSCO) today provided updates to both the Company’s long-term operating margin target and domestic store growth potential in advance of management’s presentation at the Company’s investment community meeting.
Building on its momentum in fiscal 2011, the Company has increased its long-term operating margin target to 9.5% from its previous target of 8.5%. The Company’s operating margin was 8.3% in 2011. Additionally, the Company has increased its estimated domestic store growth potential to 2,100 stores from a previously estimated 1,800 stores.
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