Tractor Supply Company · NASDAQ:TSCO
Tractor Supply — Q3 2024 Earnings Presentation
11 slides from Tractor Supply's earnings presentation, Oct 24, 2024
Slide 1: Supplemental Financial Presentation
Supplemental Financial Presentation October 24, 2024
Slide 2: Safe Harbor
SAFE HARBOR The Company claims the protection of the safe-harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The information in this presentation contains certain forward-looking statements. These statements discuss, among other things, statement
Slide 3: Thank You to the Team!
Thank You to the Team! 3
Slide 4: Net Sales and Comp Sales
Net Sales Comp Sales +1.6% $3.47 B -0.4% -0.2% $3.41 B Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Comparable Transactions Increase of 0.3% Comparable Ticket Decline of 0.5% Continued Strength in Big Ticket Categories C.U.E. in line with Expectations with Unit Growth offset by AUR Pressure Q3 20
Slide 5: Gross Margin and SG&A Expenses
Gross Margin SG&A Expenses as a % of net sales as a % of net sales +56 bps Expansion -119 bps Deleverage 37.2% 27.8% 36.7% 26.7% Q3 2023 Q3 2024 Q3 2023 Q3 2024 Key Drivers Key Drivers Lower Transportation Costs Deleverage Primarily Attributed to Planned Growth Initiatives Disciplined Product Cost M
Slide 6: Profitability
Profitability Operating Net Income Diluted EPS Margin -5.3% -3.9% -63 bps $2.33 9.99% $255 M $2.24 9.36% $241 M Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2024 Note: Q3 2023 benefited from a one-time depreciation adjustment contributing approximately 35 bps to Operating Margin, $9M in Net In
Slide 7: Allivet acquisition and Investment Community Day
Entered into a definitive agreement to acquire Allivet , a best-in-class digital pet pharmacy, to Announced Investment Community Day expand services for our Neighbor's Club in New York City, December 5th, 2024 Q3 2024 members 7
Slide 8: Serving Our Team Members and Communities
Serving Announced Second Class Ongoing Support of Our Team Members of FFA Future Leaders and Communities Affected by Q3 2024 Scholarship Recipients Hurricanes Helene and Milton 8
Slide 9: Updated 2024 Guidance
Updated 2024 Guidance Net Sales $14.85B to $15.0B Comparable Store Sales 0.0% to +1.0% Operating Margin Rate 9.8% to 10.1% Net Income $1.09B to $1.12B Diluted Earnings $10.10 to $10.40 Per Share 9
Slide 10: Strategic priorities
Deliver Legendary Customer Experiences Advance Our ONETractor Capabilities Operate the Tractor Way Go the Country Mile for Our Team Generate Healthy Shareholder Return 10
Slide 11: Our Here Lifestyle solutions. Anytime. Anywhere. Any way.
We are committed to being an integral part of our customers’ lives as the dependable supplier of Our Here Lifestyle solutions. Anytime. Anywhere. Any way.
Tractor Supply Company — Q3 2024 Earnings Presentation on 6ix