Tractor Supply (Nasdaq: TSCO) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), Tractor Supply beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew significantly.

Gross margins shrank, operating margins grew, net margins increased.

Revenue details
 Tractor Supply reported revenue of $1.46 billion. The 27 analysts polled by S&P Capital IQ looked for revenue of $1.44 billion on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $1.29 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $1.75. The 27 earnings estimates compiled by S&P Capital IQ forecast $1.71 per share. GAAP EPS of $1.75 for Q2 were 21% higher than the prior-year quarter's $1.45 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 34.8%, 10 basis points worse than the prior-year quarter. Operating margin was 13.6%, 50 basis points better than the prior-year quarter. Net margin was 8.5%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.19 billion. On the bottom line, the average EPS estimate is $0.82.

Next year's average estimate for revenue is $5.14 billion. The average EPS estimate is $4.45.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 349 members out of 385 rating the stock outperform, and 36 members rating it underperform. Among 136 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 127 give Tractor Supply a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tractor Supply is outperform, with an average price target of $120.21.

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