Tennessee Tractor Trader Predicts 2008 Profit Rise 05/02/2008

A tractor trader in Tennessee in the United States has predicted a rise in profits for the forthcoming year in its role as a tractor trader. Tractor Supply Co., which also sells other farm equipment and machinery, as well as being a tractor trader has claimed that it expects to see a rise in profits of around three per cent in 2008.


The tractor trader, Tractor Supply Co., has suggested that it will open from 95 to 100 new stores in 2008.In 2007, the tractor trader opened 89 sales outlets, indicating a growth in the quantity of sales outlets for the tractor trader.


Tractor Supply Co., as a tractor trader predicts that its full year profit for 2008 will average at around $2.54 and $2.62 per share, in comparison to the profit of $2.40 per share in 2007.
Tractor Supply Co., is not the only tractor trader which is optimistic for increased sales in 2008.Because of the increased demand for tractors in countries such as India, for implementation in agricultural and construction tasks, for example, the improvements of Indian transport links and road infrastructure, tractor traders may have a positive outlook for increased tractor sales. As a result of an ostensible increase in new tractor sales, it can be suggested that for tractor traders a high level of new and used tractor sales is sustainable, as the upgrade of farmers to new tractors may potentially mean that they pass on their old machinery to tractor traders which deal with used farm machinery and equipment.



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