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Mar 30, 2024
Tractor Supply Q1 2024 Earnings Report
Reported financial results inline with expectations, featuring positive comparable store sales and robust earnings growth.
Key Takeaways
Tractor Supply Company reported a 2.9% increase in net sales to $3.39 billion for the first quarter of 2024. Comparable store sales increased by 1.1%, driven by transaction growth. Diluted earnings per share increased by 10.9% to $1.83. The company reiterated its financial outlook for fiscal year 2024.
Net sales increased by 2.9% to $3.39 billion.
Comparable store sales increased by 1.1%, driven by transaction growth.
Diluted earnings per share increased by 10.9% to $1.83.
The company reiterates its financial outlook for fiscal year 2024.
Tractor Supply
Tractor Supply
Forward Guidance
Tractor Supply reiterates the following financial guidance for fiscal year 2024: Net Sales $14.7 billion to $15.1 billion, Comparable Store Sales (1.0%) to +1.5%, Operating Margin Rate 9.7% to 10.1%, Net Income $1.06 billion to $1.13 billion, Earnings per Diluted Share $9.85 to $10.50.
Positive Outlook
- Net Sales $14.7 billion to $15.1 billion
- Comparable Store Sales (1.0%) to +1.5%
- Operating Margin Rate 9.7% to 10.1%
- Net Income $1.06 billion to $1.13 billion
- Earnings per Diluted Share $9.85 to $10.50