Tractor Supply Q1 2022 Earnings Report
Key Takeaways
Tractor Supply Company reported an 8.3% increase in net sales, reaching $3.02 billion, and a 5.2% increase in comparable store sales. Diluted earnings per share increased to $1.65 from $1.55 in the prior year. The company reiterated its fiscal 2022 financial outlook.
Net sales increased by 8.3%.
Comparable store sales increased by 5.2% on top of 38.6% growth last year.
Diluted earnings per share increased to $1.65 from $1.55 last year.
The company reiterated its fiscal 2022 financial outlook.
Tractor Supply
Tractor Supply
Forward Guidance
The Company confirmed its fiscal 2022 financial guidance, initially provided on January 27, 2022. For fiscal 2022, the Company continues to expect the following: Net Sales $13.6 billion - $13.8 billion; Comparable Store Sales +3.0% - +4.5%; Operating Margin Rate 10.1% - 10.3%; Net Income $1.04 billion - $1.08 billion; Earnings per Diluted Share $9.20 - $9.50
Positive Outlook
- Net Sales $13.6 billion - $13.8 billion
- Comparable Store Sales +3.0% - +4.5%
- Operating Margin Rate 10.1% - 10.3%
- Net Income $1.04 billion - $1.08 billion
- Earnings per Diluted Share $9.20 - $9.50