BUSINESS

Tractor Supply and Mueller Industries Report Quarterly Results

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BRENTWOOD, Tenn. Tractor Supply Co. reported Tuesday that its first-quarter net income was $164.5 million, or $0.31 per share, on revenue of $3.59 billion. The Brentwood, Tennessee-based retailer for farmers and ranchers said the results fell short of Wall Street expectations: the average estimate of 12 analysts surveyed by Zacks Investment Research was $0.35 per share, and nine analysts surveyed by Zacks had expected $3.65 billion in revenue. BRENTWOOD, Tenn. Tractor Supply said it expects full-year earnings of $2.13 to $2.23 per share. The company provided the guidance in its earnings release. This story was generated by Automated Insights using data from Zacks Investment Research.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

Prior-year Q1 results established benchmarks for year-over-year comparison.
This quarter, Tractor Supply reported Q1 net income of $164.52 million and EPS $0.31.
Zacks Investment Research consensus expected EPS $0.35 and revenue $3.65 billion; Tractor Supply missed both.
Tractor Supply issued full-year EPS guidance of $2.13 to $2.23 and revenue growth guidance of 4%–6%.
Mueller Industries reported Q1 profit $239 million, EPS $2.16, and revenue $1.19 billion.

Why This Matters to You

Tractor Supply's lower-than-expected earnings could impact its stock price. If you're an investor, keep an eye on this. If you're a customer, it might affect prices or product availability. Check your local store or online for any changes.

The Bottom Line

Tractor Supply missed Wall Street's Q1 expectations, but it's not all doom and gloom. They're predicting a solid year ahead with earnings of $2.13 to $2.23 per share. Worth forwarding if you know someone with a stake in this company.