Tractor Supply Q3 net sales $3.41B (+4.3%), EPS $2.33 (+11%); cuts FY23 guidance

TRACTOR SUPPLY CO /DE/

2023-Q3 EPS reported $7.81 revenue$10,895,900,000

Comparable store sales declined 0.4% vs +5.7% a year ago; core C.U.E. products outpaced chain average.
Gross margin expanded 101 bps to 36.7% on lower transportation costs and supply chain efficiencies.
Diluted EPS of $2.33 includes $0.08 one-time benefit from asset life adjustment.
FY23 guidance lowered: net sales $14.5-14.6B (prev. $14.8-14.9B), EPS $10.00-$10.10 (prev. $10.20-$10.40).
Returned $247.4M to shareholders in Q3 via $135.4M buybacks and $112.0M dividends.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

TRACTOR SUPPLY CO /DE/ reported the fiscal third quarter ended September 30, 2023 results: revenue $3.41 billion, net income $255.0 million, EPS $2.33. Guidance lowered.

Period: the fiscal third quarter ended September 30, 2023
Revenue: $3.41 billion
Net income: $255.0 million
EPS: $2.33
Guidance: lowered
Result: reported results

Exact text from the filing

rural lifestyle retailer in the United States (the “Company”), today reported financial results for its third quarter ended September 30, 2023. l Net Sales Increase of 4.3% to $3.41 Billion with a Comparable Store Sales Decline of 0.4% l Diluted Earnings per Share Growth of 11.0% to $2.33 l Underlying Customer Trends Remain Solid with Growth in Active, Reactivated

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Source: SEC EDGAR

accession 0000916365-23-000108

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