TSCO Earnings Prediction
The chart below shows how TSCO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TSCO sees a +0.37% change in stock price 10 days leading up to the earnings, and a +3.31% change 10 days following the report. On the earnings day itself, the stock moves by -0.53%. This data can give you a slight idea of what to expect for the next quarter's release.
TSCO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.77B
3.11%
8.80%
Gross Margin
32.05%
-1.41%
-5.54%
Operating Margin
8.44%
-7.56%
-9.83%
Net Margin
6.26%
-7.53%
-10.06%
EPS
0.44
-4.35%
-2.22%
No Data Available
TSCO Earnings Analysis
Tractor Supply Co Corporation (TSCO.O) Earnings Conference Call
Positive
Sales Growth Analysis: Net sales for Q4 grew 3.1% and comparable store sales increased 0.6%, driven by strong comp transaction growth of 2.3%.
Sales and Earnings Growth: For the fiscal year, net sales reached nearly $14.9 billion, growing 2.2% versus 2023, with diluted earnings per share at a record $2.04 on a split-adjusted basis.
Record Digital Sales: The digital business achieved record sales exceeding $1.1 billion, contributing significantly to overall growth.
Store Expansion Strategy: In 2024, Tractor Supply opened 80 new stores and 11 Petsense stores, enhancing market presence and operational capacity.
Shareholder Returns and Growth: The company returned over $1 billion to shareholders through dividends and share repurchases for the fourth consecutive year, marking the 15th consecutive year of dividend growth.
Negative
Slowdown in Comparable Sales: Comparable store sales increased only 0.6% in Q4, indicating a slowdown in growth amidst a challenging retail environment.
Gross Margin Decline: Gross margin decreased by 9 basis points to 35.2% in Q4, following a significant 129 basis points expansion in the prior year, highlighting pressure on profitability.
Rising SG&A Expenses: SG&A expenses rose by 60 basis points to 26.8% of net sales, primarily due to planned growth investments and higher depreciation, indicating increased operational costs.
Operating Margin Decline: Operating margin declined by 69 basis points to 8.4% in Q4, reflecting the impact of rising costs and lower sales growth on overall profitability.
Impact of Deflation on Sales: Deflation in key product categories is estimated to have negatively impacted comp sales performance by approximately 100 basis points in Q4, further complicating revenue growth.
TSCO FAQs
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TSCO Earning Call Sentiment
Earnings call transcript: Tractor Supply Q4 2024 misses EPS forecast
TSCO.O
-0.76%Positive
The earnings call indicates a stable financial performance with positive growth in net sales and comparable store sales, alongside strategic initiatives like the Allivet acquisition and Project Fusion. Despite minor margin declines and increased SG&A expenses, the company maintains strong shareholder returns and dividend growth. The Q&A reveals management's confidence and positive transaction growth, though some responses were unclear. The optimistic guidance and shareholder return plans outweigh the challenges, suggesting a positive stock price movement.
