Could Tractor Supply Stock Be a No-Brainer Buy?
Tractor Supply (NASDAQ: TSCO) just announced its third-quarter results, and while not all investors reacted well to the report, it did point to some bright spots for the rural lifestyle retailer. These include demographic and economic trends that could benefit its business.
But the company is well past its high growth years, so investors will need to take a closer look to determine whether Tractor Supply is a fit for their portfolio at this point.
For the first nine months of 2022, Tractor Supply reported more than $10 billion in revenue, up 8% compared to the same period in 2021. However, its Q3 revenue of $3.27 billion came in slightly lower than some analysts had anticipated. Moreover, its net income of $818 million for the first three quarters of the year was only 5% higher year over year as the rising cost of goods sold weighed on its bottom line.
Source Fool.com
