TSCO - Tractor Supply Analysts Increase Their Forecasts After Upbeat Earnings | Benzinga
Tractor Supply Company (NASDAQ: TSCO) reported better-than-expected fourth-quarter earnings on Thursday.
Tractor Supply reported a fourth-quarter FY23 sales decline of 8.6% year-on-year to $3.66 billion, marginally missing the consensus of $3.67 billion. Adjusted EPS of $2.28 beat the Wall Street view of $2.22, according to data from Benzinga Pro.
Comparable store sales decreased by 4.2%, driven by a comparable average ticket decline of 1.5% and a comparable average transaction count decrease of 2.7%.
For FY24, the company expects EPS of $9.85 – $10.50 versus the $10.32 estimate. It sees net sales of $14.7 billion – $15.1 billion versus the consensus of $15.03 billion. ...