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Tractor Supply reported decreased sales and earnings for Q4 due to lower demand for discretionary products.
Tractor Supply, a farm and ranch retailer, reported lower sales and earnings for the fourth quarter due to decreased demand for discretionary products and high-ticket items.
The company's profit was $247.9 million, or $2.28 per share, a decrease from the previous year's $270.9 million, or $2.43 per share.
Despite this, the earnings per share surpassed analysts' expectations of $2.22 per share.
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Tractor Supply informó una disminución de las ventas y ganancias en el cuarto trimestre debido a la menor demanda de productos discrecionales.