Tractor Supply Third Quarter 2024 Earnings: In Line With Expectations

Tractor Supply (NASDAQ:TSCO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.47b (up 1.6% from 3Q 2023).
• Net income: US$241.5m (down 5.3% from 3Q 2023).
• Profit margin: 7.0% (down from 7.5% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$2.25 (down from US$2.34 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tractor Supply Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are down 8.1% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Tractor Supply that you should be aware of before investing here.

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