Tractor Supply Q4 Revenue Growth, EPS Falls Short

Tractor Supply Company reported mixed fourth-quarter 2024 results, with earnings per share at $0.44, missing the consensus estimate of $0.45, and a net income decline to $236.4 million. Despite a revenue increase of 3.1% year-over-year to $3.77 billion, sales just missed expectations of $3.78 billion. The company attributed sales growth to new store openings and improved comparable store sales, though it faced macroeconomic pressures and rising operating expenses. Shares dropped 6.4% in premarket trading following the earnings miss and weaker-than-expected guidance for 2025. Looking forward, Tractor Supply forecasts a 5-7% net sales growth in 2025, driven by strategic store expansions and digital enhancements. The company's performance reflects a balance between advancing strategic initiatives and the need to overcome external economic challenges.