Tractor Supply reported their Q4 2024 earnings today, and it sounds like they expect headwinds to lessen next year. They forecasted same store sales growth for 2025 of 1% to 3%. While their performance and guidance disappointed analysts, it’s a good to see projected improvement from 2024.
We expect comp sales for each of the quarters to be in a relatively tight range, consistent with our overall 2025 guidance. We anticipate that comp sales will be modestly stronger in the second half of the year as our compares ease and the headwind from deflation continues to moderate.
