TSCO posts higher y/y third-quarter 2024 sales despite a soft comparable store sales performance.
Although the revenue and EPS for Tractor Supply (TSCO) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Tractor Supply (TSCO) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.33 per share a year ago.
Tractor Supply Co.'s third-quarter sales fell slightly short of estimates on Thursday in a lackluster environment, but the rural lifestyle retailer raised the lower end of guidance ranges.
Evaluate the expected performance of Tractor Supply (TSCO) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
TSCO benefits from sturdy demand and strong market share gains. Higher selling, general and administrative costs are concerning.
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Tractor Supply's quarterly dividend has more than tripled in five years. The headwinds the company is facing today may soon subside.
TSCO benefits from its Life Out Here Strategy and the Neighbor's Club membership program.
Tractor Supply's stock has surged over 270% since my 'Buy' rating in 2015, outperforming the S&P 500, with a new target price of $310. The acquisition of Orscheln Farm and Home enhances Tractor Supply's Midwest presence, strengthens supply chain, and eliminates a regional competitor. Despite weak consumer sentiment, Tractor Supply's Neighbor's Club loyalty program shows strong engagement, with 36 million members and growing store traffic.
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