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Dec 28, 2024
Tractor Supply Q4 2024 Earnings Report
Reported a net sales increase of 3.1% and EPS of $0.44.
Key Takeaways
Tractor Supply Company reported a 3.1% increase in net sales to $3.77 billion for the fourth quarter of 2024, with comparable store sales up 0.6%. Diluted EPS decreased 3.3% to $0.44. The company provided fiscal year 2025 guidance with net sales growth in the mid-single digits and diluted EPS outlook of $2.10 to $2.22.
Fourth quarter net sales increased 3.1% with comparable store sales increase of 0.6%.
Comparable average transaction growth was strong at 2.3%.
Fourth quarter diluted earnings per share was $0.44.
Company provided fiscal year 2025 guidance with net sales growth in the mid-single digits.
Tractor Supply
Tractor Supply
Forward Guidance
The Company is providing its financial guidance for fiscal 2025. For fiscal 2025, the Company expects the following: Net Sales ‘+5% to +7%Comparable Store Sales ‘+1% to +3%Operating Margin Rate 9.6% to 10.0%Net Income $1.12 billion to $1.18 billionEarnings per Diluted Share $2.10 to $2.22Capital Expenditures, Net of Sale Leaseback Proceeds $650 million to $725 millionShare Repurchases $525 million to $600 million
Positive Outlook
- Net Sales growth of +5% to +7%
- Comparable Store Sales growth of +1% to +3%
- Operating Margin Rate of 9.6% to 10.0%
- Net Income between $1.12 billion to $1.18 billion
- Earnings per Diluted Share between $2.10 to $2.22