earnings
confidence high
sentiment positive
materiality 0.70
Tractor Supply Q2 EPS $3.93, net sales +1.5% to $4.25B; narrows FY guidance
TRACTOR SUPPLY CO /DE/
2024-Q2 EPS reported
$5.75
revenue$7,641,456,000
- Net sales $4.25B (+1.5% YoY); comparable store sales -0.5% vs +2.5% prior year.
- Diluted EPS $3.93 vs $3.83; net income $425.2M (+0.9%).
- Gross margin improved 43bps to 36.6% on lower transportation costs and cost management.
- Opened 21 new Tractor Supply stores and 3 Petsense stores in Q2.
- FY 2024 outlook: net sales $14.8-15.0B; EPS $10.00-10.40 (narrowed from prior $9.85-10.50).