NASDAQ$TSCO

Tractor Supply Co · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record third quarter financial results with net sales and comparable store sales increasing and diluted earnings per share rising.

Tractor Supply Company reported a strong third quarter with a 15.8% increase in net sales, a 13.1% increase in comparable store sales, and a 20.4% increase in diluted earnings per share. The company is raising its fiscal year 2021 guidance.

  • Net sales increased 15.8% to $3.02 billion.
  • Comparable store sales increased 13.1%.
  • Diluted earnings per share increased 20.4% to $1.95.
  • Company raises fiscal 2021 guidance.

Headline financials

Total Revenue

$3.02B

Previous: $2.61B+15.8%
EPS (adj)

$1.95

Previous: $1.62+20.4%
Comparable Store Sales

13.1%

Previous: 26.8%-51.1%
Capital Expenditures

-$382M

Previous: -$161M-137.1%
Free Cash Flow

-$158M

Previous: $29.3M-638.8%
Net Income

$224M

Previous: $191M+17.7%
Operating Income

$297M

Previous: $252M+17.9%
Gross Profit

$1.09B

Previous: $948M+14.5%
Cash & Equivalents

$1.11B

Previous: $1.11B-0.0%
Total Assets

$7.75B

Previous: $6.86B+12.9%
Stock-Based Comp

$12.5M

Previous: $12.5M+0.1%

Revenue & EPS history

Tractor Supply · Revenue · Quarterly

$3.02B

Q3 2021+15.8%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The Company is updating its fiscal 2021 financial guidance to reflect its strong performance year to date through the third quarter of 2021 and based on what it can reasonably predict at this time.

Tailwinds

  • Net Sales ~$12.6 billion
  • Comparable Store Sales ~+16%
  • Operating Margin Rate 10.2% - 10.3%
  • Net Income $972 million - $985 million
  • Earnings per Diluted Share $8.40 - $8.50

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 Q3 2021

Historical avgQ3 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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