Tractor Supply Company (TSCO) stock is soaring 5.02% in intraday trading after the farm and ranch retailer reported better-than-expected third-quarter earnings and strong sales growth. The company posted earnings per share of $0.49, surpassing analysts' estimates of $0.48, while revenue grew 7.2% year-over-year to $3.72 billion, meeting Wall Street expectations.

The strong performance was driven by a 3.9% increase in comparable store sales, exceeding analysts' projections of 3.4%. Tractor Supply's CEO, Hal Lawton, attributed the growth to market share gains, an extended summer selling season, and transaction growth. The company's gross margin for the quarter stood at 37.4%, indicating resilient profitability despite challenging economic conditions.

Adding to investor optimism, Tractor Supply narrowed its full-year guidance range, reflecting year-to-date performance and a balanced outlook. The company now expects fiscal year 2025 earnings per share between $2.06 and $2.13, compared to the previous range of $2.00 to $2.18. This adjustment, along with the strong quarterly results, appears to have boosted investor confidence in the company's ability to navigate the current retail landscape effectively.