Tractor Supply rises after Q1 profit beats estimates
** Farming supplies retailer Tractor Supply's TSCO.O shares rise as much as 2.7% to $265.18
** Company beats Q1 profit estimates due to easing transport costs and efficient product cost management
** Benefits from everyday low prices strategy and Neighbor's Club loyalty program, which reached over 34 mln members, bolstered company's margins
** TSCO earned $1.83/shr, above LSEG est of $1.72/shr, due to recovery in demand for big-ticket items such as land mowers
** "Given the trends in our comparable sales, our outlook assumes that strength in big ticket and seasonal will continue," says TSCO CFO Kurt Barton on post-earnings call
** Stock set for eighth straight session of gains
** Company also posts quarterly sales roughly in line with analysts' estimates and maintains its annual forecasts
** Up to last close, stock rose nearly 22% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
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