By Don Nico Forbes
Tractor Supply posted a slight fall in profit for the fourth quarter, though revenue rose, and the company forecast growth for the year ahead.
The Brentwood, Tenn.-based farm and ranch retailer logged net income of $236.4 million, or 44 cents a share, down from $247.9 million, or 46 cents a share, a year earlier. Analysts polled by FactSet had expected 46 cents a share.
Sales increased 3.1% to $3.77 billion. Analysts polled by FactSet had expected $3.78 billion.
Sales were driven by new store openings and growth in comparable store sales, the company said.
Looking to 2025, Tractor Supply said it expects sales growth of between 5% and 7%, and EPS of $2.10 to $2.22, compared with $2.04 in 2024.
"We expect our 2025 comparable store sales to improve throughout the year as the macro headwinds impacting our business abate," said Chief Executive Hal Lawton.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
January 30, 2025 07:44 ET (12:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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