Tractor Supply Misses Q2, Slashes Guidance, and Shutters 75 Petsense Stores
TSCO is trading near its 52-week low of $28.36 (6.5% above the low) on elevated volume (2.1× avg).
Summary
Tractor Supply delivered a weak Q2: adjusted EPS of $0.81 missed the $0.82 consensus, and comparable-store sales fell 1.5%. The company slashed full-year guidance to GAAP EPS of $1.78–$1.88, well below prior expectations, and announced it will close 75 Petsense stores. This follows yesterday's preliminary guidance cut and withdrawal of long-term targets, confirming deepening operational challenges. The store closures signal a strategic retreat from the pet specialty segment, which had been a growth focus after the VIP Petcare acquisition in May. With 15 of 30 analysts cutting estimates and shares trading near $30 against a $37.50 average target, the market is pricing in further downside risk.
At the time of this announcement, TSCO was trading at $30.20 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $15.9B. The 52-week trading range was $28.36 to $63.99. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.