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Sep 28, 2024
Tractor Supply Q3 2024 Earnings Report
Tractor Supply's financial performance remained strong despite a tepid retail environment, driven by new store openings and market share gains.
Key Takeaways
Tractor Supply Company reported a 1.6% increase in net sales to $3.47 billion for the third quarter of 2024. Comparable store sales decreased slightly by 0.2%. Diluted earnings per share were $2.24. The company updated its fiscal year 2024 financial outlook, raising the lower end of its annual guidance for sales and earnings.
Net sales increased by 1.6% to $3.47 billion.
Comparable store sales decreased by 0.2%.
Diluted earnings per share (EPS) reached $2.24.
The company reached a definitive agreement to acquire Allivet, an online pet pharmacy.
Forward Guidance
Tractor Supply updated its financial guidance for fiscal year 2024, expecting net sales between $14.85 billion and $15.0 billion and earnings per diluted share between $10.10 and $10.40.
Positive Outlook
- Net Sales: $14.85 billion to $15.0 billion
- Comparable Store Sales: 0.0% to +1.0%
- Operating Margin Rate: 9.8% to 10.1%
- Net Income: $1.09 billion to $1.12 billion
- Earnings per Diluted Share: $10.10 to $10.40
Historical Earnings Impact
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Avg. Return Before/After Earnings
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