Tractor Supply Q1 EPS $1.83 (+10.9%) on sales $3.39B (+2.9%); reiterates FY guidance

TRACTOR SUPPLY CO /DE/

2024-Q1 EPS reported $1.83 revenue$3,394,834,000

Comparable store sales +1.1% driven by transaction growth of 1.3%; average ticket -0.2%.
Gross margin expanded 50 bps to 36.0% on lower transportation costs and cost management.
Net income $198.2M (+8.2%); repurchased 0.5M shares for $117.4M and paid $118.8M dividends.
FY2024 outlook: net sales $14.7-15.1B, EPS $9.85-10.50, comps -1.0% to +1.5%.
Opened 17 Tractor Supply and 4 Petsense stores in Q1; plans ~80 new TSCO stores in FY2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TRACTOR SUPPLY CO /DE/ reported first quarter ended March 30, 2024 results: revenue $3.39 billion, net income $198.2 million, EPS $1.83. Guidance reaffirmed.

Period: first quarter ended March 30, 2024
Revenue: $3.39 billion
Net income: $198.2 million
EPS: $1.83
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Tractor Supply Company (NASDAQ: TSCO) , the largest rural lifestyle retailer in the United States (the “Company”), today reported financial results for its first quarter ended March 30, 2024. l Net Sales Increase of 2.9% to $3.39 Billion l Comparable Store Sales Increase of 1.1%, Led by Transaction Growth l Diluted Earnings per Share (“EPS”) of $1.83, a 10.9% Increase Over Prior Year l Company Reiterates 2024 Financial Outlook

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Source: SEC EDGAR

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