Tractor Supply Lowers Guidance Due to Weak Demand for Big-Ticket Items and Pet Business
Tractor Supply Company (TSCO) lowered its guidance following a weak first-quarter performance driven by declining demand for big-ticket items and the pet business. The company reported sales of $4.54 billion, up 2.3% year-over-year due to new store openings but still fell short of expectations.
Tickers: $TSCO
Topics: earnings sales growth stock price movement