
Tractor Supply Company (TSCO) reported its third-quarter 2024 financial results, revealing a net sales increase of 1.6% to $3.47 billion. However, comparable store sales saw a slight decrease of 0.2%. The diluted earnings per share (EPS) were reported at $2.24, slightly surpassing analyst estimates of $2.23. Despite the positive EPS, the company missed revenue expectations, which were set at $3.48 billion. Following the earnings report, Tractor Supply's stock fell by 2.1% in pre-market trading. The company also updated its fiscal 2024 financial outlook, increasing the low end of guidance, which includes anticipated benefits from hurricane emergency response in the fourth quarter.
🇺🇸 Tractor Supply Co. ekes out sales gain in ‘tepid’ demand environment https://t.co/FAP45mVqyZ
Tractor Supply Co. ekes out sales gain in ‘tepid’ demand environment https://t.co/hrYLngS8Qe
$TSCO Immediate Call Postmortem: Feels like trends a little worse than before. They increased low end of guidance but that includes the previously unforeseen benefit from hurricane emergency response in 4Q (20-30 bps). They slightly missed sales in 3Q, so hard to say they are…

