Tractor Supply Company (NASDAQ:TSCO) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Mary Winn Pilkington - SVP, Investor and Public Relations Hal Lawton - CEO Kurt Barton - CFO Seth Estep - EVP and Chief Merchandising Officer Conference Call Participants Scot Ciccarelli - Truist Michael Lasser - UBS Steven Zaccone - Citigroup Peter Benedict - Baird Chuck Grom - Gordon Haskett Research Advisors Kate McShane - Goldman Sachs Brian Nagel - Oppenheimer Steven Forbes - Guggenheim ...

Tractor Supply (TSCO) reported $4.25 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 1.5%. EPS of $3.93 for the same period compares to $3.83 a year ago. The reported revenue represents a surprise of -0.77% over the Zacks Consensus Estimate of $4.28 billion. With the consensus EPS estimate being $3.94, the EPS surprise was -0.25%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Tractor Supply (TSCO) came out with quarterly earnings of $3.93 per share, missing the Zacks Consensus Estimate of $3.94 per share. This compares to earnings of $3.83 per share a year ago. These figures are adjusted for non-recurring items. Tractor Supply, which belongs to the Zacks Retail - Miscellaneous industry, posted revenues of $4.25 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.77%. This compares to year-ago revenues of $4.18 billion. The company has not been able ...

Brentwood, Tenn., July 25, 2024 - Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the "Company"), today reported financial results for its second quarter ended June 29, 2024. Lawton continued, "We are confident that we have the right plans in place to win with our customers given the strength of our second half operational initiatives. We remain excited about the significant market share growth opportunities ahead of us as we focus on the continued creation ...

TSCO's ability to offer high-quality products at reasonable prices makes it a preferred choice for cost-conscious rural consumers. The company has been gaining from demand for its core merchandise, including consumable, usable and edible products. The buyout of Orscheln Farm and Home, and store openings have been aiding its performance. The company has been benefiting from its Life Out Here Strategy and the Neighbor's Club membership program, which are likely to have driven its sales in the to-be-reported q ...

Given the changing consumer trends, Tractor Supply is focused on integrating its physical and digital operations to offer consumers a seamless shopping experience. The company's omnichannel investments include curbside pickup, same-day and next-day delivery, a re-launched website and a new mobile app. Earlier, it launched Tractor Supply, Visa Credit Card, which allows customers to earn points on their everyday purchases, both instore and anywhere Visa is accepted. The buyout of Orscheln Farm and Home is als ...

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TSCO's dominance in rural areas gives it stability during economic downturns when urban retailers struggle to sustain their market positions. Business Model & Strategies in Focus Tractor Supply's Neighbor's Club loyalty program is another key element of its business model. The program rewards frequent shoppers with discounts and special offers, incentivizing repeat business. Moreover, it provides TSCO with valuable customer data on preferences and buying behaviors. This data allows the company to refine its ...

Let's Delve Deeper Regarding its store-growth initiatives, Tractor Supply is consistently focused on the expansion of its store base and incorporation of technological advancements to induce traffic and boost the overall top line. The company is well positioned to expand its store base, remaining on track to increase its domestic store to 2,500 in the long term. Other Key Picks The Zacks Consensus Estimate for Deckers' current financial-year sales indicates growth of 10.8% from the year-ago reported figure. ...

Tractor Supply Company (TSCO) has reached a blossoming milestone with the grand opening of its 500th Garden Center in Lowell, IN. This marks a surge in gardening popularity and highlights the company's commitment to rural lifestyles. Just four years ago, in July 2020, Tractor Supply planted the first seed of its Garden Center initiative in Rome, GA. Since then, the program has blossomed remarkably. The company's footprint now spans across 41 states, boasting a network of 500 dedicated Garden Centers. This i ...