Tractor Supply Co. said its normalized net income for the fiscal fourth quarter ended Dec. 26, 2015, was 80 cents per share, compared with the S&P Capital IQ consensus estimate of 83 cents per share.
In the prior-year period, the per-share result was a profit of 80 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $108.0 million, a decline from $110.7 million in the year-earlier period.
The normalized profit margin fell to 6.6% from 7.0% in the year-earlier period.
Total revenue climbed year over year to $1.65 billion from $1.58 billion, and total operating expenses rose from the prior-year period to $1.47 billion from $1.41 billion.
Reported net income came to $111.2 million, or 82 cents per share, compared to $111.9 million, or 81 cents per share, in the year-earlier period.
For the year, the company's normalized net income totaled $2.96 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.01.
EPS rose 12.3% from $2.63 in the prior year.
Normalized net income was $404.8 million, a gain of 10.2% from $367.2 million in the prior year.
Full-year total revenue grew 9.0% from the prior-year period to $6.23 billion from $5.71 billion, and total operating expenses increased 8.9% on an annual basis to $5.58 billion from $5.12 billion.
The company said reported net income grew 10.7% on an annual basis to $410.5 million, or $3.00 per share, in the full year, from $370.9 million, or $2.66 per share.