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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO
MARK HAINES, CNBC ANCHOR: Higher product prices, better price controls helping Tractor Supply Company beat the Street. The country`s leading retailer of rural lifestyle products reported results after the bell last night. Here are the numbers, earnings, 45 cents a share, 7 cents ahead of estimates, net sales up more than 12 percent. Same-store sales, about 2 percent higher, the better-than-expected results lifting the company`s stock which has been under pressure the last three months. Joining us "First on CNBC," from Nashville, Jim Wright, CEO of Tractor Supply Company.
Good morning, sir, thanks very much for being with us.
JAMES WRIGHT, PRES. & CEO, TRACTOR SUPPLY COMPANY: Good morning, thanks for having me.
HAINES: Does this quarter show that you have some pricing power now?
WRIGHT: Somewhat, yes. We have had -- on a year-over-year basis, we have obviously seen some cost pricing pressure on principally petroleum-based products. We haven`t been able to translate that to retail pricing, recycling last...
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