Tractor Supply (NASDAQ:TSCO) shares fell by over 3% intra-day today after the company reported worse-than-expected third-quarter earnings and cut its guidance.
Q3 EPS of $2.25 came in less than the anticipated $2.29 by analysts. The quarterly revenue stood at $3.41 billion, falling short of the expected $3.47 billion.
Additionally, Tractor Supply has revised its forecast for the full year 2023. The new projected EPS is between $10.00 and $10.10, down from the earlier prediction of $10.20 to $10.40. This is also below the Street estimate of $10.22. The company’s revenue expectation for fiscal 2023 is now between $14.5 billion to $14.6 billion, reduced from the previous range of $14.8 billion to $14.9 billion, and below the Street consensus of $14.82 billion.