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Dec 31, 2022
Tractor Supply Q4 2022 Earnings Report
Tractor Supply reported record financial results driven by strong sales and strategic initiatives.
Key Takeaways
Tractor Supply Company reported a 20.7% increase in net sales to $4.01 billion for the fourth quarter of 2022. Comparable store sales increased by 8.6%, driven by both ticket and transaction growth. Diluted earnings per share increased by 25.9% to $2.43.
Net sales increased by 20.7% to $4.01 billion.
Comparable store sales increased by 8.6%.
Diluted earnings per share increased by 25.9% to $2.43.
The company opened 39 new Tractor Supply stores and six new Petsense by Tractor Supply stores.
Tractor Supply
Tractor Supply
Forward Guidance
The Company is providing its financial guidance for fiscal 2023 and expects Net Sales of $15.0 billion to $15.3 billion and Earnings per Diluted Share of $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