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BRENTWOOD, Tenn. - Tractor Supply Company (NASDAQ:TSCO) reported first quarter earnings and revenue that fell short of analyst estimates on Thursday.
The company saw its shares plunge -5.38% in premarket trading after the release.
The rural lifestyle retailer posted earnings per share of $0.34 for Q1 2025, missing the consensus forecast of $0.37. Revenue came in at $3.47 billion, below expectations of $3.55 billion and up just 2.1% year-over-year.
Comparable store sales decreased 0.9% in the quarter, compared to a 1.1% increase in the same period last year. The company cited declines in spring seasonal goods and related big ticket categories as offsetting strength in year-round products.
"As the year unfolds amid increasing volatility, our conviction in Tractor Supply’s resilient and durable business model remains strong," said CEO Hal Lawton. "We have a long track record of navigating uncertain environments, and we believe we are well-positioned to do so once again."
Tractor Supply lowered its full-year 2025 outlook, now expecting earnings per share of $2.00 to $2.18, below the previous guidance of $2.10 to $2.22 and analyst consensus of $2.39. The company forecasts net sales growth of 4% to 8%, down from its prior projection of 5% to 7%.
For Q2 2025, Tractor Supply anticipates net sales growth of 3% to 4% and comparable store sales to be flat to up 1%.
CFO Kurt Barton commented, "We are closely monitoring consumer demand indicators and forward-looking signals. Tractor Supply’s long-standing track record of resilience and success positions us as a leader in the retail sector, ready to seize the market share opportunities ahead and continue to deliver shareholder value."
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