Tractor Supply Company ( (TSCO) ) has released its Q4 earnings. Here is a breakdown of the information Tractor Supply Company presented to its investors.
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Tractor Supply Company is the largest rural lifestyle retailer in the United States, catering to recreational farmers, ranchers, homeowners, gardeners, and pet enthusiasts with a wide range of products and services aimed at supporting rural living.
In its latest earnings report for the fourth quarter and fiscal year 2024, Tractor Supply Company announced a net sales increase of 3.1% in the fourth quarter and 2.2% for the fiscal year. The company also reported a diluted EPS of $0.44 for the fourth quarter and $2.04 for the fiscal year, alongside a robust capital return of over $1 billion to shareholders through share repurchases and dividends.
Key financial highlights include a gross profit increase of 2.8% in the fourth quarter, with a slight gross margin decrease due to strategic investments. Operating income showed a slight decline, while SG&A expenses rose due to planned growth investments. The company opened 107 new stores during the fiscal year, expanding its footprint and continuing its Project Fusion remodels. Additionally, the acquisition of Allivet, an online pet pharmacy, was highlighted as a growth opportunity.
Looking ahead to fiscal 2025, Tractor Supply Company projects net sales growth in the mid-single digits, with a diluted EPS range of $2.10 to $2.22. The company plans to open approximately 90 new stores and continue its strategic initiatives under the Life Out Here 2030 strategy, aiming to capture more market share in a growing rural lifestyle sector.
