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Sep 30, 2023
Tractor Supply Q3 2023 Earnings Report
Tractor Supply's Q3 2023 financial results were reported with net sales increasing by 4.3% and diluted earnings per share growing by 11.0%.
Key Takeaways
Tractor Supply Company reported solid growth in net sales and earnings for the third quarter of 2023. Net sales increased by 4.3% to $3.41 billion, driven by the acquisition of Orscheln Farm and Home and new store openings. Diluted earnings per share grew by 11.0% to $2.33. The company has updated its fiscal year 2023 financial guidance to reflect continued unfavorable seasonal category performance and discerning consumer spending.
Net sales increased by 4.3% to $3.41 billion.
Comparable store sales decreased by 0.4%.
Diluted earnings per share increased by 11.0% to $2.33.
The company updated its fiscal 2023 financial outlook.
Forward Guidance
The Company is updating its fiscal 2023 financial guidance to reflect its performance through the third quarter along with its expectations for the remainder of the year. For fiscal 2023, the Company now expects the following:
Historical Earnings Impact
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Avg. Return Before/After Earnings
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