Barath Ratta's questions to Tractor Supply Co (TSCO) leadership • Q1 2025
Question
Barath Ratta, on for Chris Horvers, inquired about the assumptions for big-ticket sales in the Q2 guide and the factors that would drive performance to the high end of the full-year comp guidance.
Answer
CEO Hal Lawton stated the Q2 guidance is prudent, assuming no significant recovery in big-ticket sales but continued strength in consumable categories. He noted that current run rates from March and April were flowed through. The full-year outlook reflects a flow-through of Q1 softness and persistent pressure on big-ticket items in the first half.