Tractor Supply Company · NASDAQ:TSCO
Tractor Supply — Q2 2022 Earnings Presentation
11 slides from Tractor Supply's earnings presentation, Jul 21, 2022
Slide 1: Supplemental Financial Presentation Q2 2022
July 21, 2022 Supplemental Financial Presentation Q2 2022
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, expectati
Slide 3: Thank You Team Tractor
THANK YOU TEAM TRACTOR! FOR LIFE OUT HERE
Slide 4: Q2 2022 Performance Highlights
Q2 2022 Performance Strong Sales Growth Net Sales Growth HIGHLIGHTS +8.4% $3.90B Record Level Sales and Earnings $3.60B Performance Average Ticket Up 7.5% Q2 2021 Q2 2022 Customer Transactions Down 2.0% Comp Sales Growth 10.5% Largest E-Commerce 5.5% Quarter in Net Sales in Company History Q2 2021 Q
Slide 5: Broad-Based Strength in Customer Trends
Q2 2022 Performance Broad-Based Strength in Customer Trends NEIGHBOR’S CLUB MEMBERS 26M+ +24% YoY 5
Slide 6: Gross Margin and SG&A Expenses
Q2 2022 Performance GROSS MARGIN SG&A EXPENSES as a % of net sales as a % of net sales -24 bps Decrease +19 bps Improvement 35.8% 35.5% 22.3% 22.1% Q2 2021 Q2 2022 Q2 2021 Q2 2022 Key Drivers Key Drivers • Strong Price Management Actions • More Normalized Incentive Compensation • Significant Product
Slide 7: Profitability
Q2 2022 Performance Profitability Operating Income Net Income Diluted EPS +8.1% +7.1% +10.7% $525.0M $396.5M $485.9M $3.53 $370.0M $3.19 Q2 2021 Q2 2022 Q2 2021 Q2 2022 Q2 2021 Q2 2022 7
Slide 8: Updated Full-Year 2022 Outlook
Updated Full-Year 2022 Net Sales $13.95B to $14.05B Outlook Comparable Store Sales +5.2% to +5.8% Operating Margin Rate ~10.2% Net Income $1.065B to $1.085B Diluted Earnings Per Share $9.48 to $9.60 Capital Expenditures $650M to $700M 8
Slide 9: ESG Updates
ESG Updates Commemorated Earth Week Over $630k Donated to DE&I Organizations Year-to-Date Great Place to Work Certified® for Third Consecutive Year 9
Slide 10: Deliver Legendary Customer Experiences, Advance Our ONETractor Capabilities
Deliver Legendary Customer Experiences Advance Our ONETractor Capabilities We are committed to being an integral part of our customers’ lives Operate the as the dependable supplier of Tractor Way Out Here Lifestyle solutions. Anytime • Anywhere • Anyway Go the Country Mile for Our Team Generate Heal
Slide 11: Slide 11
Tractor Supply Company — Q2 2022 Earnings Presentation on 6ix