NASDAQ$TSCO
Tractor Supply Co · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Tractor Supply's financial performance was impacted by a comparable store sales decline, partially offset by new store contributions.
Tractor Supply Company reported a decrease in net sales for the fourth quarter of 2023, alongside a decline in comparable store sales. While gross margin improved, operating income and net income both decreased compared to the prior year. The company provided its financial guidance for fiscal year 2024.
- Fourth quarter sales performance was in line with the company’s expectations with a comparable store sales decline of 4.2%.
- Fiscal year 2023 net sales increased 2.5%; fiscal year comparable store sales were even with the prior year.
- Fourth quarter diluted earnings per share (“EPS”) of $2.28 and fiscal year 2023 diluted EPS of $10.09.
- Returned more than $1.0 billion of capital to shareholders in fiscal year 2023.
Headline financials
Revenue & EPS history
Tractor Supply · Revenue · Quarterly
$3.66B
Forward guidance
The Company is providing its financial guidance for fiscal 2024. For fiscal 2024, the Company expects Net Sales of $14.7 billion to $15.1 billion and Earnings per Diluted Share of $9.85 to $10.50.
Tailwinds
- Net Sales $14.7 billion to $15.1 billion
- Comparable Store Sales (1.0%) to +1.5%
- Operating Margin Rate 9.7% to 10.1%
- Net Income $1.06 billion to $1.13 billion
- Earnings per Diluted Share $9.85 to $10.50
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 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
| Quarter | Report date | Reaction (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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