Loading...
•
Apr 01, 2023
Tractor Supply Q1 2023 Earnings Report
Reported financial results for the first quarter ended April 1, 2023, with net sales increasing and comparable store sales growing, driven by consumable, usable, and edible categories, while confirming the 2023 financial outlook.
Key Takeaways
Tractor Supply Company reported a 9.1% increase in net sales, reaching $3.30 billion in the first quarter of 2023. Comparable store sales increased by 2.1%. Diluted earnings per share remained consistent with the prior year at $1.65. The company reaffirmed its financial outlook for fiscal year 2023.
Net sales increased by 9.1% to $3.30 billion.
Comparable store sales increased by 2.1%, driven by strength in consumable, usable, and edible categories.
Diluted earnings per share was $1.65, consistent with the prior year.
The company confirmed its financial outlook for 2023.
Forward Guidance
The Company confirmed its fiscal 2023 financial guidance, initially provided on January 26, 2023. For fiscal 2023, the Company expects the following: Net Sales $15.0 billion to $15.3 billion Comparable Store Sales +3.5% to +5.5% Operating Margin Rate 10.1% to 10.3% Net Income $1.13 billion to $1.17 billion Earnings per Diluted Share $10.30 to $10.60
Positive Outlook
- Net Sales $15.0 billion to $15.3 billion
- Comparable Store Sales +3.5% to +5.5%
- Operating Margin Rate 10.1% to 10.3%
- Net Income $1.13 billion to $1.17 billion
- Earnings per Diluted Share $10.30 to $10.60
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...