
Tractor Supply Company reported a narrow earnings miss for the fourth quarter of 2024, leading to a decline in its stock price. The company's net sales rose 3.1% to $3.77 billion compared to $3.66 billion in the same quarter of 2023. However, net income fell by 4.6% to $236.4 million, down from $247.9 million, while diluted earnings per share (EPS) decreased 3.3% to $0.44 from $0.46. Following the announcement, Tractor Supply's stock price dropped by 4% in after-hours trading. The CEO stated that despite a challenging retail environment, they expect improvement in comparable store sales throughout 2025 as macroeconomic headwinds lessen.
Tractor Supply CEO: "In 2024, our business performed well in a challenging retail environment...We expect our 2025 comparable store sales to improve throughout the year as the macro headwinds impacting our business abate.." $TSCO: -4% PM https://t.co/Hzu8aadP4R
Tractor Supply’s stock slides on narrow Q4 earnings miss, weaker-than-expected guidance https://t.co/ep7eqsNFBE via @MarketWatch $TSCO
$TSCO (-3.8% pre) Tractor Supply’s stock slides on narrow Q4 earnings miss, weaker-than-expected guidance - MW https://t.co/DGgIBMRH0G
