Tractor Supply Company · NASDAQ:TSCO
Tractor Supply — Q1 2023 Earnings Presentation
11 slides from Tractor Supply's earnings presentation, Apr 27, 2023
Slide 1: Supplemental Financial Presentation
Supplemental Financial Presentation April 27, 2023
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: Q1 2023 Overview
Q1 2023 Overview Consistent Demand for Core Year-Round Products Market Share Gains Continued Continued Progress on Life Out Here Strategy Confirmed Full Year 2023 Outlook Released 4th Annual “Stewards of Life Out Here” Tear Sheet 4
Slide 5: Q1 2023 Performance: Sustained Sales Growth Highlights
Q1 2023 Performance Sustained Sales Growth Highlights Net Sales Growth +9.1% Non-Comp Sales Increased From New $3.30B Store Growth and Orscheln Farm & $3.02B Home Acquisition Q1 2022 Q1 2023 Comparable Ticket Up 2.8% Comp Sales Growth Customer Traffic Decreased 0.7% 5.2% 2.1% C.U.E. Products Posted
Slide 6: Broad-Based Strength in Customer Trends
Q1 2023 Performance Broad-Based Strength in Customer Trends TOTAL MEMBERS 29M+ +4. 9M Yo Y 6
Slide 7: Q1 2023 Performance: Gross Margin and SG&A
Q1 2023 Performance Gross Margin SG&A Expenses as a % of net sales +52 bps Expansion -119 bps Deleverage 35.5% 26.9% 28.1% 34.9% Q1 2022 Q1 2023 Q1 2022 Q1 2023 Key Drivers Key Drivers • Consistent Execution of Everyday Low Price Strategy • Planned Investments in Strategic Growth Initiatives and Low
Slide 8: Q1 2023 Performance: Operating Margin, Net Income, Diluted EPS
Q1 2023 Performance Operating Margin Net Income Diluted EPS -67 bps -2.2% Unchanged $1.65 $1.65 $187M 8.1% $183M 7.4% Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 8
Slide 9: Confirmed Full-Year 2023 Outlook
CONFIRMED FULL-YEAR 2023 OUTLOOK Net Sales $15.0B to $15.3B Comparable Store Sales +3.5% to +5.5% Operating Margin Rate 10.1% to 10.3% Net Income $1.13B to $1.17B Diluted Earnings Per Share $10.30 to $10.60 9
Slide 10: Strategy: Deliver Legendary Life Out Here Customer Experiences
© Deliver Legendary 4 LI FEI H E RE © Customer Experiences STRATEGY 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 e Anywhere e Anyway & Go the Country
Slide 11: Tractor Supply Co. For Life Out Here
Tractor Supply Company — Q1 2023 Earnings Presentation on 6ix