Tractor Supply slides after Q1 results miss, downbeat earnings forecast

Tractor Supply's TSCO.O shares down 4.5% premarket to $48.44 after farming supplies retailer's qtrly results, earnings outlook disappoints

Brentwood, Tennessee-based firm said Q1 net sales increased 2% y/y to $3.47 bln, below Wall Street's expectations of $3.54 bln, per LSEG data

Adj EPS in qtr of 34 cents missed analysts' estimate by 3 cents

Co says it is updating full-yr outlook and guidance, citing "notable increase in uncertainty, in particular the introduction of new tariffs"

For 2025, it now sees nets sales up 4%-8% vs previous forecast of up 5%-7%, while projected adj EPS of $2.00-$2.18 is down from $2.10-$2.22

Of 34 analysts covering TSCO, recommendation breakdown is 16 "strong buy" or "buy", 15 "hold" and 3 "sell"; median PT is $59.50 - LSEG data

Through Weds close, shares off ~4% YTD vs ~17% decline in S&P 500 Consumer Discretionary sector .SPLRCD and nearly 9% fall in S&P 500 .SPX