Tractor Supply Company · NASDAQ:TSCO
Tractor Supply — Q2 2024 Earnings Presentation
11 slides from Tractor Supply's earnings presentation, Jul 25, 2024
Slide 1: Supplemental Financial Presentation
Supplemental Financial Presentation July 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, 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 +1.5% $4.25B 2.5% $4.18B -0.5% Q2 2023 Q2 2024 Q2 2023 Q2 2024 Strength in Seasonal Categories including Big Ticket Comparable Ticket Increase of 0.1% Comparable Transactions Decline of 0.6% C.U.E. in line with Expectations with Unit Growth offset by AUR Pressure Q2 2024 4
Slide 5: Gross Margin and SG&A Expenses
Gross Margin SG&A Expenses as a % of net sales as a % of net sales +43 bps Expansion -58 bps Deleverage 36.6% 23.4% 36.2% 22.8% Q2 2023 Q2 2024 Q2 2023 Q2 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 +0.9% +2.6% -15 bps $425 M $3.93 13.4% 13.2% $421 M $3.83 Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2024 6
Slide 7: Hometown Heroes, Maumelle Distribution Center, 500th Garden Center
Launched Hometown Heroes for Veterans, Active Duty and First Responders Celebrated Grand Opening of 10th and Largest Distribution Center in Maumelle, AR Achieved Milestone 500th Garden Center Recognized for Excellence in Customer Service Q2 2024 7
Slide 8: Charitable Donations and Community Support
$1 Million Donated to Ten Charities Supporting Active Duty, Veterans and First Responders Serving Over $1.3 Millon Donated for 4-H in Paper Clover Campaign Q2 2024 8
Slide 9: Updated 2024 Guidance
Updated 2024 Guidance Net Sales $14.8B to $15.0B Comparable Store Sales (0.5%) to +1.0% Operating Margin Rate 9.8% to 10.1% Net Income $1.08B to $1.12B Diluted Earnings $10.00 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: Committed to Being an Integral Part of Customers' Lives
We are committed to being an integral part of our customers’ lives as the dependable supplier of Out Here Lifestyle solutions. Anytime. Anywhere. Any way.
Tractor Supply Company — Q2 2024 Earnings Presentation on 6ix