NasdaqGS:TSCOSpecialty Retail
Tractor Supply (TSCO) Cuts Outlook And Closes 75 Petsense Stores
Tractor Supply (NasdaqGS:TSCO) reported Q2 results that fell short of expectations and reduced its full year outlook.
The company plans to close about 75 underperforming Petsense stores as part of a broader review of its pet specialty footprint.
Management also outlined a slower pace of new store openings, citing ongoing adverse weather, weaker rural demand, and rising competition.
Tractor Supply focuses on farm, ranch, and rural lifestyle customers, a segment that has faced pressure from...