Hardware Retailing The Industry's Source for Insights and Information
Tractor Supply Company released its Q1 2025 financials, showing a 0.9% decrease in comparable store sales compared to an increase of 1.1% in Q1 2024.
Net sales for Q1 2025 increased 2.1% to $3.47 billion from $3.39 billion in Q1 2024, driven by new store openings and the contribution from Allivet, partially offset by a decrease in comparable store sales.
Tractor Supply also recorded an increase in comparable average transaction growth of 2.1%, which the company attributes to strength in two year-round categories, consumables and usable and edible products, along with winter seasonal merchandise. This growth was offset by declines in spring seasonal goods, including related big-ticket categories.
“As the year unfolds amid increasing volatility, our conviction in Tractor Supply’s resilient and durable business model remains strong,” says Hal Lawton, Tractor Supply Company president and CEO. “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.”
Along with its first quarter results, Tractor Supply also revised its previously released fiscal 2025 financial guidance, decreasing comparable store sales from a projected increase of 1-3% to an increase of 0-4%. The net sales outlook was also adjusted from an increase of 5-7% to a projected increase of 4-8%.
“With more than two and a half decades of experience with Tractor Supply, I have seen the company navigate multiple business cycles,” says Kurt Barton, Tractor Supply Company’s chief financial officer. “We know the playbook and are committed to our results, standing tall in retail. We are closely monitoring consumer demand indicators and forward-looking signals. Tractor Supply’s long-standing track record of resilience and success positions us as a leader in the retail sector, ready to seize the market share opportunities ahead and continue to deliver shareholder value.”
During Q1 2025, Tractor Supply opened 15 new stores and two new Petsense by Tractor Supply stores. Two Petsense by Tractor Supply stores were also closed during Q1 2025.
