Tractor Supply (Nasdaq: TSCO ) reported earnings on Aug. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Tractor Supply met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins grew across the board.
Tractor Supply recorded revenue of $1.29 billion. The 21 analysts polled by S&P Capital IQ wanted to see a top line of $1.30 billion on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $1.18 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.45. The 21 earnings estimates compiled by S&P Capital IQ predicted $1.39 per share. GAAP EPS of $1.45 for Q2 were 18% higher than the prior-year quarter's $1.23 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.9%, 70 basis points better than the prior-year quarter. Operating margin was 13.1%, 90 basis points better than the prior-year quarter. Net margin was 8.3%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.07 billion. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $4.67 billion. The average EPS estimate is $3.70.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 332 members out of 376 rating the stock outperform, and 44 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 108 give Tractor Supply a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tractor Supply is outperform, with an average price target of $106.16.
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