Tractor Supply lowers FY25 share repurchase view to $325M-$375M

On the company’s earnings call, Tractor Supply (TSCO) stated: “For the full year, we now anticipate share repurchases will be in the range of $325M-$375M, below our original outlook of $525M-$600M, reflecting a more measured pace of repurchases as we manage capital allocation with discipline. As Hal shared, we are reaffirming our FY25 outlook. We continue to recognize the evolving macroeconomic environment and are closely monitoring indicators of consumer spending. We continue to expect net sales growth of 4% to 8%. Comparable store sales are projected to be flat to up 4%.”