Tractor Supply Cuts FY23 Net Sales Outlook From $15.0B-$15.3B To $14.8B-$14.9B (Consensus 15.17B) , EPS From $10.30-$10.60 To $10.20-$10.40 (Consensus $10.42)
Portfolio Pulse from Benzinga Newsdesk
Tractor Supply has reduced its FY23 net sales outlook from $15.0B-$15.3B to $14.8B-$14.9B, below the consensus of $15.17B. The company also lowered its EPS from $10.30-$10.60 to $10.20-$10.40, slightly below the consensus of $10.42.
July 27, 2023 | 11:00 am
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Tractor Supply's lowered FY23 net sales and EPS outlook may negatively impact its stock price in the short term.
Tractor Supply has lowered its FY23 net sales and EPS outlook, which is below the consensus. This indicates potential challenges in the company's performance, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100