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Tractor Supply reins in guidance after weak finish to the year
['Daphne Howland', 'Senior Reporter']
Retail Dive - Latest News
The retailer expects net sales to rise 4% to 6%, comps to rise 1% to 3%, and net income to reach as high as $1.17 billion.
Tractor Supply is holding on to its market share in pets, but is no longer seeing outsize growth in the category, Chief Merchandising Officer Seth Estep told analysts.
Tractor Supply is bracing for “a wide range of demand outcomes” this year, Lawton said.
These dynamics are not unique to Tractor Supply.
Last year the company opened 99 new Tractor Supply stores and one net new Petsense by Tractor Supply store, and is on track to open 100 new locations this year.