Tractor Supply (TSCO) Revenue — Quarter Ended Apr 1, 2023
Revenue declined from the prior quarter but increased compared with the same quarter last year. The sequential decrease reflects typical seasonal patterns, while the year-over-year gain indicates underlying growth.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue declined from the prior quarter but increased compared with the same quarter last year. The sequential decrease reflects typical seasonal patterns, while the year-over-year gain indicates underlying growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
-17.7%
Change from the immediately preceding quarter.
Year-over-year
+9.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 25, 2022 | $3.9B | +8.4% |
| Sep 24, 2022 | $3.3B | +8.4% |
| Dec 31, 2022 | $4B | +20.7% |
| Apr 1, 2023 | $3.3B | +9.1% |
Revenue performance
Reported revenue moved lower from the immediately preceding quarter, consistent with the company's seasonal inventory and sales cycle. The year-over-year comparison shows a positive direction.
Quarterly comparison
Compared with the prior quarter, revenue decreased, while compared with the same quarter one year earlier, revenue increased. The trailing twelve-month revenue remained above the current quarter's level.
What to watch
Monitor whether the year-over-year revenue growth rate can be sustained in the upcoming quarters.