Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Tractor Supply Shares Gain On Q4 Beat, Solid FY23 Outlook

Published 26/01/2023, 12:28
Updated 26/01/2023, 13:40
© Reuters.  Tractor Supply Shares Gain On Q4 Beat, Solid FY23 Outlook

© Reuters. Tractor Supply Shares Gain On Q4 Beat, Solid FY23 Outlook

Benzinga -

  • Tractor Supply Co (NASDAQ: TSCO) reported fourth-quarter FY22 sales growth of 20.7% year-on-year to $4.01 billion, beating the consensus of $3.88 billion.
  • Comparable store sales increased by 8.6%, driven by comparable average ticket growth of 6.3% and comparable average transaction count increase of 2.3%.
  • EPS of $2.43 topped the Wall Street view of $2.35.
  • Gross profit increased 21.7% Y/Y to $1.36 billion, and the gross margin expanded 28 basis points to 34%.
  • The operating margin was 8.9%, and operating income for the quarter rose 22.6% to $359.2 million.
  • Tractor Supply held $202.5 million in cash and equivalents as of Dec. 31, 2022. Net cash provided by operating activities for FY22 totaled $1.4 billion.
  • Outlook: Tractor Supply sees FY23 sales of $15.0 billion - $15.3 billion versus the Street view of $15.08 billion.
  • The company expects FY23 EPS of $10.30 - $10.60 against the consensus of $10.47.
  • It expects comparable store sales growth of 3.5% - 5.5%.
  • Price Action: TSCO shares are trading higher by 4.63% at $223.72 in premarket on the last check Thursday.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.