| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Tractor Supply Company (NASDAQ:TSCO) reported downbeat sales for the second quarter on Thursday.
The company reported quarterly earnings per share of $3.93, in line with the street view. Second-quarter sales totaled $4.25 billion (+1.5%), which missed the analyst consensus of $4.284 billion, according to data from Benzinga Pro.
Comparable store sales decreased 0.5%, as compared to an increase of 2.5% in the prior year's second quarter, driven by a comparable average transaction count decline of 0.6%.
"At the halfway point of the year, we have made significant progress on our Life Out Here strategy. We continue to create more separation between us and our competition," said Hal Lawton, President and Chief Executive Officer of Tractor Supply.
Tractor Supply tightened its 2024 net sales forecast to $14.8 billion-$15 billion from the prior guidance of $14.7 billion-$15.1 billion and consensus of $14.97 billion. The company sees 2024 EPS of $10.00-$10.40 versus prior guidance of $9.85-$10.50 and consensus of $10.38.
Tractor Supply shares gained 3.6% to trade at $266.82 on Friday.
These analysts made changes to their price targets on Tractor Supply following the announcement.
Read Next:
Posted In: TSCO
