Tractor Supply falls after downbeat quarterly results

Tractor Supply Co

21/04/2026 12:21

** Shares of farming equipment retailer Tractor Supply TSCO.O fall about 3% to $43.51 premarket

** Co reports Q1 sales of $3.59 billion, below estimates of $3.64 billion, while EPS of 31 cents came in below expectations of 34 cents - data compiled by LSEG

** Comparables sales growth of 0.5% lagged expectations of 1.6% rise

** Companion animal unit underperformed due to weaker demand, co said, while SG&A costs as a percentage of sales rose 70 bps as comparable store sales and an "accelerated new store opening cadence" made fixed costs harder to absorb

** Co reaffirms annual forecast for net sales growth of 4% to 6%, and EPS between $2.13 and $2.23

** Up to last close, stock has fallen 10% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))