earnings
confidence high
sentiment neutral
materiality 0.75
Tractor Supply Q3 EPS down 3.9% to $2.24; raises low end of FY guidance; acquires Allivet
TRACTOR SUPPLY CO /DE/
2024-Q3 EPS reported
$8.00
revenue$11,109,700,000
- Net sales +1.6% to $3.47B; comp sales -0.2%; diluted EPS $2.24 vs $2.33 prior year.
- Gross margin +56 bps to 37.2%; operating income $324.6M vs $340.9M prior year.
- Updated FY2024 guidance: net sales $14.85B-$15.0B, EPS $10.10-$10.40 (lower end raised).
- Definitive agreement to acquire Allivet, a leading online pet pharmacy; no financial terms disclosed.
- Returned $267.6M to shareholders via buybacks and dividends in Q3; opened 16 new stores.