Tractor Supply Company (NASDAQ:TSCO ) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Mary Winn Pilkington - Senior Vice President, Investor and Public Relations Hal Lawton - Chief Executive Officer Kurt Barton - Chief Financial Officer Seth Estep - Executive Vice President and Chief Merchandising Officer Conference Call Participants Zach Fadem - Wells Fargo Chris Horvers - JPMorgan Chuck Grom - Gordon Haskett Research Advisors Karen Short - Melius Research Michael Lasser - UBS Julio Marquez - Guggenheim Partners Peter Benedict - Baird Peter Keith - Piper Sandler Scot Ciccarelli - Truist Operator Good morning, ladies and gentlemen, and welcome to Tractor Supply Company's Conference Call to discuss Third Quarter 2024 Results. [Operator Instructions] Please be advised that reproduction of this call in whole or in part is not permitted without written authorization of Tractor Supply Company.
Investors are struggling to get excited with growth that's cooled way down.
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.