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Tractor Supply: Now Back To A Buy (Rating Upgrade)
Seeking Alpha· 2024-07-26 11:30
Summary: Double-Digit Annual Total Return Potential From A Quality Business The exterior of a Tractor Supply store. The Dividend Kings' Zen Research Terminal TennesseePhotographer A Decent Second Quarter And Respectable Future Growth Outlook TSCO's second quarter wasn't perfect from my point of view. However, I was pleased with the results overall. The company's net sales edged 1.5% higher year-over-year to $4.2 billion in the second quarter ended June 29. That was $30 million below the analyst consensus fr ...
Tractor Supply(TSCO) - 2024 Q2 - Earnings Call Transcript
2024-07-25 19:00
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) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-07-25 14:35
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) Q2 Earnings and Revenues Lag Estimates
ZACKS· 2024-07-25 13:05
Company Performance - Tractor Supply reported quarterly earnings of $3.93 per share, slightly missing the Zacks Consensus Estimate of $3.94 per share, but showing an increase from $3.83 per share a year ago [1] - The company posted revenues of $4.25 billion for the quarter ended June 2024, which was 0.77% below the Zacks Consensus Estimate and an increase from $4.18 billion year-over-year [2] - The earnings surprise for the latest quarter was -0.25%, while the company had previously exceeded consensus EPS estimates three times in the last four quarters [9][10] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.23 on revenues of $3.51 billion, and for the current fiscal year, it is $10.33 on revenues of $14.98 billion [6] - The estimate revisions trend for Tractor Supply has been unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [5] Industry Context - The Retail - Miscellaneous industry, to which Tractor Supply belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting potential challenges ahead [7] - The performance of Tractor Supply's stock may be influenced by the overall outlook of the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [7] Stock Performance - Tractor Supply shares have increased approximately 22.1% since the beginning of the year, outperforming the S&P 500's gain of 13.8% [11] - The future price movement of the stock will largely depend on management's commentary during the earnings call [11]
Tractor Supply(TSCO) - 2024 Q2 - Quarterly Results
2024-07-25 11:01
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 ...
Tractor Supply (TSCO) to Post Q2 Earnings: What Should You Know?
ZACKS· 2024-07-22 16:55
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 ...
Tractor Supply (TSCO) Stock Up 23.3% YTD: Should You Invest?
ZACKS· 2024-07-12 11:32
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 ...
Why Tractor Supply (TSCO) is a Top Value Stock for the Long-Term
ZACKS· 2024-06-28 14:45
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating ...
Tractor Supply (TSCO) Retains Market Niche: Should You Invest?
ZACKS· 2024-06-26 15:30
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 ...
Here's Why Tractor Supply (TSCO) Seems a Lucrative Bet Now
ZACKS· 2024-06-11 18:15
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. ...