Tractor Supply Company · NASDAQ:TSCO
Tractor Supply — Q1 2024 Earnings Presentation
11 slides from Tractor Supply's earnings presentation, Apr 25, 2024
Slide 1: Supplemental Financial Presentation
Supplemental Financial Presentation April 25, 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, statemen
Slide 3: Thank You to the Team!
Thank You to the Team! 3
Slide 4: Net Sales and Comp Sales
Net Sales Comp Sales +2.9% 2.1% $3.4B 1.1% $3.3B Q1 2023 Q1 2024 Q1 2023 Q1 2024 Continued Market Share Gains in Key Categories Growth in Comparable Transactions of 1.3% Comparable Ticket Decline of 0.2% Strength in Seasonal Merchandise C.U.E. Performance in line with Overall Company Results 4
Slide 5: Gross Margin and SG&A Expenses
Gross Margin SG&A Expenses as a % of net sales as a % of net sales +50 bps Expansion -16 bps Deleverage 36.0% 28.2% 35.5% 28.1% Q1 2023 Q1 2024 Q1 2023 Q1 2024 Key Drivers Key Drivers Lower Transportation Costs Deleverage Primarily Attributed to Planned Growth Initiatives Disciplined Product Cost Ma
Slide 6: Profitability
Profitability Operating Net Income Diluted EPS Margin +8.2% +10.9% +34 bps $198 M $1.83 7.8% 7.4% $183 M $1.65 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024 6
Slide 7: Enhanced Neighbor's Club Benefits and Distribution Center Construction
Enhanced Neighbor’s Club Benefits – More Rewards for Customers – – Ability to Earn Reward Faster at Lower Spending Levels – Continued Construction on 10th and Largest Distribution Center in Maumelle, AR Kick-Off of 2024 Spring Chick Days in Stores Nearly 500 Garden Centers Now Operational Release of
Slide 8: Stewardship Updates
Stewardship Updates Over $1 Issued 2023 Million Stewardship Raised for Tear Sheet FFA Continued Partnerships Named one of America’s Supporting Life Out Here Most Trustworthy Companies by Newsweek 8
Slide 9: Reiterated 2024 Guidance
Reiterated 2024 Guidance Net Sales $14.7B to $15.1B Comparable Store Sales (1.0%) to +1.5% Operating Margin Rate 9.7% to 10.1% Net Income $1.06B to $1.13B Diluted Earnings Per Share $9.85 to $10.50 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 — Q1 2024 Earnings Presentation on 6ix