Tractor Supply said net sales for Q1 2025 increased 2.1% to $3.47 billion, and comparable store sales decreased 0.9%. The company said new stores and the contribution from Allivet were the drivers of the increase, partially offset by the decline in comparable store sales.

1. 01

   Tractor Supply said net sales for Q1 2025 increased 2.1% to $3.47 billion, and comparable store sales decreased 0.9%. The company said new stores and the contribution from Allivet were the drivers of the increase, partially offset by the decline in comparable store sales.

2. 02

   The company said operating income for Q1 decreased 5.3% to $249.1 million, net income decreased 9.5% to $179.4 million, and diluted earnings per share were $0.34. It cited planned growth investments and fixed-cost deleverage as the factors behind the increase in SG&A to 29.0% of net sales.

3. 03

   The company repurchased approximately 1.7 million shares for $94.0 million and paid dividends of $122.4 million during Q1, returning a total of $216.4 million to shareholders. Net cash provided by operating activities for Q1 was $216,775 (in thousands), according to the cash flow statement.

4. 04

   Tractor Supply updated its 2025 fiscal-year net sales outlook to +4% to +8% from +5% to +7%, and its diluted earnings per share outlook to $2.00 to $2.18 from $2.10 to $2.22. The company projected diluted earnings per share of $0.79 to $0.81 for Q2.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.