NASDAQ$TSCO

Tractor Supply Co · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record Q4 and fiscal year financial results and detailed Life Out Here strategy updates.

Tractor Supply Company reported an outstanding fourth quarter, capping off a record year of sales and earnings in 2021. Net sales for the fourth quarter 2021 increased 15.3% to $3.32 billion. Comparable store sales increased 12.7%. Diluted EPS increased to $1.93 from $1.15 in the fourth quarter of 2020.

  • Net Sales Increased 15.3% in the fourth quarter.
  • Comparable Store Sales Increased 12.7% in the fourth quarter.
  • Diluted Earnings per Share (“EPS”) of $1.93 in the fourth quarter.
  • The company increased quarterly dividend by 77% to $0.92 per share and authorized additional share repurchases of $2.0 Billion

Headline financials

Total Revenue

$3.32B

Previous: $2.88B+15.3%
EPS (adj)

$1.93

Previous: $1.64+17.7%
Comparable Store Sales

12.7%

Previous: 27.3%-53.5%
Capital Expenditures

$246M

Previous: $133M+85.4%
Free Cash Flow

$20.8M

Previous: $257M-91.9%
Net Income

$221M

Previous: $136M+62.9%
Operating Income

$293M

Previous: $184M+58.9%
Gross Profit

$1.12B

Previous: $996M+12.6%
Cash & Equivalents

$878M

Previous: $1.34B-34.6%
Total Assets

$7.77B

Previous: $7.05B+10.2%
Stock-Based Comp

$11.9M

Previous: $10.3M+15.7%

Revenue & EPS history

Tractor Supply · Revenue · Quarterly

$3.32B

Q4 2021+15.3%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The Company is providing its fiscal 2022 financial guidance based on what it can reasonably predict at this time. For fiscal 2022, the Company expects Net Sales of $13.6 billion - $13.8 billion and Earnings per Diluted Share of $9.20 - $9.50.

Tailwinds

  • Net Sales $13.6 billion - $13.8 billion
  • Comparable Store Sales +3.0% - +4.5%
  • Operating Margin Rate 10.1% - 10.3%
  • Net Income $1.04 billion - $1.08 billion
  • Earnings per Diluted Share $9.20 - $9.50

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 Q4 2021

Historical avgQ4 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro