NASDAQ$TSCO

Tractor Supply Co · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record results with net sales increasing by 13.4% and comparable store sales increasing by 10.5%.

Tractor Supply Company reported exceptionally strong performance in the second quarter of 2021, with net sales increasing by 13.4% to $3.60 billion and comparable store sales increasing by 10.5%. Diluted earnings per share increased by 10.0% to $3.19. The company is raising its fiscal 2021 diluted EPS range to $7.70 to $8.00.

  • Net sales increased 13.4% year-over-year.
  • Comparable store sales increased 10.5% year-over-year, driven by transaction count and average ticket growth.
  • Diluted earnings per share increased 10.0% year-over-year to $3.19.
  • The company raised its fiscal 2021 diluted EPS guidance to $7.70 - $8.00.

Headline financials

Total Revenue

$3.6B

Previous: $3.18B+13.4%
EPS (adj)

$3.19

Previous: $2.90+10.0%
Comparable Store Sales

10.5%

Previous: 30.5%-65.6%
Capital Expenditures

-$216M

Previous: -$86.6M-149.4%
Free Cash Flow

$154M

Previous: $252M-38.9%
Net Income

$370M

Previous: $339M+9.3%
Operating Income

$486M

Previous: $448M+8.5%
Gross Profit

$1.29B

Previous: $1.16B+11.3%
Cash & Equivalents

$1.41B

Previous: $1.21B+17.0%
Total Assets

$7.69B

Previous: $6.61B+16.3%
Stock-Based Comp

$10.9M

Previous: $7.5M+44.9%

Revenue & EPS history

Tractor Supply · Revenue · Quarterly

$3.6B

Q2 2021+13.4%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The Company is updating its fiscal 2021 financial guidance to reflect its strong performance in the first half of 2021 and based on what it can reasonably predict at this time.

Tailwinds

  • Net Sales: $12.1 billion - $12.3 billion
  • Comparable Store Sales: +11% - +13%
  • Operating Margin Rate: 9.7% - 9.9%
  • Net Income: $895 million - $930 million
  • Earnings per Diluted Share: $7.70 - $8.00

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.4%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.1%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+17.7%

Q2 2012

Best reaction

-8.5%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.6%-18.0%-30.0%
Q4 2025-8.0%-3.0%-6.0%
Q3 2025+2.7%+1.2%-3.5%
Q2 2025-0.4%+1.6%+0.8%
Q1 2025-3.4%-1.7%-2.0%
Q4 2024-5.0%-5.5%-3.2%
Q3 2024-6.6%-8.0%-3.6%
Q2 2024+0.0%-0.3%+2.5%
Q1 2024+6.1%+5.8%+9.2%
Q4 2023+3.7%+4.1%+12.4%
Q3 2023-5.2%-2.8%+0.1%
Q2 2023+4.4%+4.5%-0.5%
Q1 2023-2.0%-0.5%-13.0%
Q4 2022+5.5%+6.6%+7.8%
Q3 2022+0.5%+9.2%+12.0%
Q2 2022-6.0%-11.4%-1.9%
Q1 2022-6.5%-6.9%-18.6%
Q4 2021+3.7%+6.4%-3.1%
Q3 2021+2.9%+2.2%+14.0%
Q2 2021-2.8%-0.7%+2.1%
Q1 2021+5.1%+5.7%+1.8%
Q4 2020-7.8%-6.9%+3.4%
Q3 2020-6.2%-10.0%-13.0%
Q2 2020+0.4%-2.0%+5.0%
Q1 2020+6.9%+7.9%+17.2%
Q4 2019-2.2%-4.1%-6.9%
Q3 2019+1.4%+0.4%+2.2%
Q2 2019-2.3%-2.9%-13.9%
Q1 2019+1.1%-0.5%-2.8%
Q4 2018-3.0%-0.0%+6.0%
Q3 2018+7.9%+11.0%+6.1%
Q2 2018-2.4%-0.2%+13.3%
Q1 2018+10.0%+9.0%+17.9%
Q4 2017-8.5%-15.9%-17.7%
Q3 2017-1.6%+3.8%+10.3%
Q2 2017+7.5%+4.8%+11.3%
Q1 2017-4.3%-5.5%-15.5%
Q4 2016+0.1%-0.5%-1.7%
Q3 2016-0.4%-1.2%+11.7%
Q2 2016-3.5%-1.9%-7.8%
Q1 2016+5.2%
Q4 2015-0.8%
Q3 2015+5.3%
Q2 2015+2.0%
Q1 2015+0.5%
Q4 2014+3.4%
Q3 2014+15.5%
Q2 2014+5.7%
Q1 2014-1.2%
Q4 2013-4.6%
Q3 2013+7.9%
Q2 2013-3.1%
Q1 2013-0.4%
Q4 2012+10.3%
Q3 2012-2.4%
Q2 2012+17.7%
Q1 2012+0.6%
Q4 2011+1.0%
Q3 2011+0.3%
Q2 2011-7.5%
Q1 2011-1.7%
Q1 2010-1.7%
Q4 2010-1.7%
Q4 2008-1.7%
Q3 2009+1.5%
Q3 2010+1.5%
Q2 2010-1.1%
Q4 2009-1.1%
Q2 2009-1.1%

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