NASDAQ$TSCO

Tractor Supply Co · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported financial results for the second quarter of 2024 and updated the fiscal year 2024 financial outlook.

Tractor Supply Company reported a 1.5% increase in net sales, reaching $4.25 billion, while comparable store sales decreased by 0.5%. Diluted earnings per share increased to $3.93. The company has updated its financial guidance for fiscal year 2024.

  • Net sales increased by 1.5% to $4.25 billion.
  • Comparable store sales decreased by 0.5%.
  • Diluted earnings per share (EPS) reached $3.93.
  • The company updated its 2024 financial outlook.

Headline financials

Total Revenue

$4.25B

Previous: $4.18B+1.5%
EPS (adj)

$3.93

Previous: $3.83+2.6%
Capital Expenditures

-$350M

Previous: -$350M-0.1%
Free Cash Flow

$75.4M

Previous: $71.6M+5.2%
Net Income

$425M

Previous: $421M+0.9%
Operating Income

$561M

Previous: $559M+0.4%
Gross Profit

$1.56B

Previous: $1.51B+2.7%
Cash & Equivalents

$395M

Previous: $620M-36.3%
Total Assets

$9.78B

Previous: $9.03B+8.3%
Stock-Based Comp

$10.7M

Previous: $15.7M-31.8%

Revenue & EPS history

Tractor Supply · Revenue · Quarterly

$4.25B

Q2 2024+1.5%vs Q2 2023
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

Tractor Supply updated its financial guidance for fiscal year 2024.

Tailwinds

  • Net Sales: $14.8 billion to $15.0 billion
  • Comparable Store Sales: (-0.5%) to +1.0%
  • Operating Margin Rate: 9.8% to 10.1%
  • Net Income: $1.08 billion to $1.12 billion
  • Earnings per Diluted Share: $10.00 to $10.40

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 2024

Historical avgQ2 2024

+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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