Tractor Supply (TSCO) Revenue — Quarter Ended Sep 28, 2024
Revenue for the most recent quarter declined sharply compared to the immediately preceding quarter, but rose modestly versus the same quarter one year earlier. The sequential drop reflects a typical seasonal pattern, while the year-over-year gain indicates underlying demand growth.
Key takeaway
Quarter ended Sep 28, 2024 · FY2024 Q3
Revenue for the most recent quarter declined sharply compared to the immediately preceding quarter, but rose modestly versus the same quarter one year earlier. The sequential drop reflects a typical seasonal pattern, while the year-over-year gain indicates underlying demand growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.5B
Revenue reported for this quarter.
Quarter-over-quarter
-18.3%
Change from the immediately preceding quarter.
Year-over-year
+1.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.8B
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 |
|---|---|---|
| Dec 30, 2023 | $3.7B | -8.6% |
| Mar 30, 2024 | $3.4B | +2.9% |
| Jun 29, 2024 | $4.2B | +1.5% |
| Sep 28, 2024 | $3.5B | +1.6% |
Revenue performance
Revenue decreased from the prior quarter, yet increased compared to the same quarter last year. The year-over-year improvement was supported by higher net sales as reported in the filing.
Quarterly comparison
Compared to the preceding quarter, revenue was lower, while compared to the same quarter a year ago, revenue was higher. The trailing twelve-month revenue remained substantial.
What to watch
The sequential revenue decline warrants attention to see if it reverses in the coming quarter.