NASDAQ$TSCO

Tractor Supply Co · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Tractor Supply's Q3 2023 financial results were reported with net sales increasing by 4.3% and diluted earnings per share growing by 11.0%.

Tractor Supply Company reported solid growth in net sales and earnings for the third quarter of 2023. Net sales increased by 4.3% to $3.41 billion, driven by the acquisition of Orscheln Farm and Home and new store openings. Diluted earnings per share grew by 11.0% to $2.33. The company has updated its fiscal year 2023 financial guidance to reflect continued unfavorable seasonal category performance and discerning consumer spending.

  • Net sales increased by 4.3% to $3.41 billion.
  • Comparable store sales decreased by 0.4%.
  • Diluted earnings per share increased by 11.0% to $2.33.
  • The company updated its fiscal 2023 financial outlook.

Headline financials

Total Revenue

$3.41B

Previous: $3.27B+4.3%
EPS (adj)

$2.33

Previous: $2.10+11.0%
Capital Expenditures

-$527M

Previous: -$451M-16.8%
Free Cash Flow

-$272M

Previous: -$217M-25.2%
Net Income

$255M

Previous: $234M+8.9%
Operating Income

$341M

Previous: $306M+11.3%
Gross Profit

$1.25B

Previous: $1.17B+7.3%
Cash & Equivalents

$422M

Previous: $211M+99.6%
Total Assets

$9.21B

Previous: $7.91B+16.3%
Stock-Based Comp

$15M

Previous: $13.7M+9.4%

Revenue & EPS history

Tractor Supply · Revenue · Quarterly

$3.41B

Q3 2023+4.3%vs Q3 2022
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

The Company is updating its fiscal 2023 financial guidance to reflect its performance through the third quarter along with its expectations for the remainder of the year. For fiscal 2023, the Company now expects the following:

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 2023

Historical avgQ3 2023

+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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