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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 4.25B | 25.1% |
Gross Profit | 1.56B | 27.4% |
Cost of Revenue | 2.69B | 23.8% |
Operating expense | 989M | 3.1% |
Net Income | 425M | 114.6% |
EBITDA | 671M | 82.6% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 9.78B | 2.4% |
Total Liabilities | 7.48B | 0.6% |
Total Equity | 2.31B | 8.5% |
Shares Outstanding | 107M | 0.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 560M | 117.5% |
Cash from investing | -179M | 17.6% |
Cash from financing | -250M | 5.1% |
EPS
Financial Highlights for Tractor Supply Co. in Q2 '24
Tractor Supply Co. reported a revenue of 4.25B, which is a 25.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.56B, marking a 27.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.69B, a 23.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 989M, showing a 3.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 425M, showing a 114.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 671M, showing a 82.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Tractor Supply Co. with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.