earnings
confidence high
sentiment neutral
materiality 0.70
Tractor Supply Q1 net sales up 9.1% to $3.30B, comps +2.1%; reaffirms FY2023 outlook
TRACTOR SUPPLY CO /DE/
2023-Q1 EPS reported
$1.65
revenue$3,299,225,000
- Net sales $3.30B (+9.1% YoY); comp store sales +2.1% (below expectations due to weather).
- Diluted EPS $1.65, flat YoY; operating income $244.4M nearly unchanged.
- Reiterated FY2023 guidance: sales $15.0-15.3B, EPS $10.30-10.60.
- Returned $310.6M to shareholders via $197.2M buybacks and $113.4M dividends in Q1.
- Opened 17 Tractor Supply and 3 Petsense stores in quarter; plans ~70 new Tractor Supply stores for FY2023.