MW Tractor Supply stock slides on narrow Q4 earnings miss, weaker-than-expected guidance
Tractor Supply Co. $(TSCO)$ shares are down 6.4% in premarket trading on Thursday after the rural-lifestyle retailer's fourth-quarter earnings just missed Wall Street's expectations and gave weaker-than-expected earnings guidance.
Tractor Supply's net income was $236.4 million, or 44 cents a share, compared with $247.9 million, or 46 cents a share, in the prior year's quarter. Analysts surveyed by FactSet were looking for earnings of 45 cents a share.
Revenue rose to $3.77 billion from $3.66 billion in the same period last year. Analysts surveyed by FactSet were looking for revenue of $3.78 billion. Brentwood, Tenn.-based Tractor Supply said that the increase in revenue was driven by new store openings and growth in comparable store sales, which increased 0.6% compared to the prior year's quarter.
The company also gave guidance for fiscal 2025. Tractor Supply expects earnings between $2.10 and $2.22 a share, at the low end of the FactSet consensus of $2.20 a share.
(This is a developing news story with updates to come.)
-James Rogers
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January 30, 2025 07:27 ET (12:27 GMT)
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