Tractor Supply Reports Q1 Earnings with Sales Growth and Strategic Initiatives
Tractor Supply reported Q1 net sales of $3.59 billion, up 3.6%, driven by 40 new store openings. Comparable-store sales rose 0.5%, but were impacted by a 100 basis-point drag from companion animal products. The company reaffirmed its full-year guidance and expects sequential improvement in comp sales for Q2.
Tickers: $TSCO
Topics: Companion Animal Impact Comparable Store Sales Earnings Gross Margin Sales Growth Store Openings Strategic Initiatives