Q1 25 EPS
$0.34
MISS 7.93%
Est. $0.37
Q1 25 Revenue
$3.47B
MISS 1.85%
Est. $3.53B
vs S&P Since Q1 25
-61.1%
TRAILING MARKET
TSCO -29.3% vs S&P +31.8%
Market Reaction
Did TSCO Beat Earnings? Q1 2025 Results
Tractor Supply delivered a disappointing start to fiscal 2025, missing on both the top and bottom lines as softer spring demand and cost pressures weighed on results. The farm and ranch retailer posted first-quarter revenue of $3.47 billion, up 2.1% … Read more Tractor Supply delivered a disappointing start to fiscal 2025, missing on both the top and bottom lines as softer spring demand and cost pressures weighed on results. The farm and ranch retailer posted first-quarter revenue of $3.47 billion, up 2.1% year over year but falling short of the $3.53 billion consensus estimate by 1.85%, while diluted EPS of $0.34 missed the $0.37 consensus by 7.93% and represented an 8.0% decline from the prior-year period. The most material drag came from a 0.9% comparable store sales decline, itself driven by a 2.9% drop in average ticket as weakness in spring seasonal goods and big-ticket categories offset solid gains in everyday consumable products and transaction counts. SG&A expenses also deleveraged 81 basis points, reflecting fixed cost pressure and growth investments tied to a new distribution center. Looking ahead, management widened its full-year guidance range to account for tariff uncertainty, now projecting diluted EPS of $2.00 to $2.18, a notably wider and lower band than its prior $2.10 to $2.22 outlook, while pointing to its largely U.S.-sourced assortment as a buffer against further trade disruption.
Key Takeaways
- • Strong comparable average transaction count growth of 2.1%
- • Strength in consumable, usable and edible (CUE) products and winter seasonal merchandise
- • New store openings contributed 2.8% of total sales
- • Allivet acquisition contribution to net sales
- • Gross margin expanded 25 basis points driven by disciplined product cost management and everyday low price strategy
- • Exclusive brands grew to 30.7% of total sales from 29.7% year over year
TSCO YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
“As the year unfolds amid increasing volatility, our conviction in Tractor Supply's resilient and durable business model remains strong. We have a long track record of navigating uncertain environments, and we believe we are well-positioned to do so once again. Tractor Supply is uniquely differentiated by our needs-based product categories, our predominantly U.S.-sourced assortment, deep and trusted vendor relationships and a nimble, scalable supply chain.”
— Hal Lawton, Q1 2025 Earnings Press Release
TSCO Earnings Trends
TSCO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TSCO EPS Trend
Earnings per share: estimate vs actual
TSCO Revenue Trend
Quarterly revenue: estimate vs actual
TSCO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.31 | — | $3.59B | -1.27% |
| Q4 25 MISS FY | $0.47 | $0.43 | -8.51% | $3.90B | -2.39% |
| FY Full Year | $2.10 | $2.06 | -1.68% | $15.52B | -0.61% |
| Q3 25 BEAT | $0.48 | $0.49 | +1.68% | $3.72B | -0.07% |
| Q2 25 BEAT | $0.80 | $0.81 | +0.95% | $4.44B | +0.98% |
| Q1 25 MISS | $0.37 | $0.34 | -7.93% | $3.47B | -1.85% |