Tractor Supply (TSCO) reported Q1 net income Thursday of $0.34 per diluted share, down from $0.37 a year earlier.

Analysts polled by FactSet expected $0.37.

Revenue for the quarter ended March 29 was $3.47 billion, up from $3.39 billion a year earlier.

Analysts surveyed by FactSet expected $3.53 billion.

The company lowered its fiscal 2025 earnings guidance to $2.00 to 2.18 per diluted share from its prior expectation of $2.10 to 2.22. Analysts surveyed by FactSet expect $2.16.

The company now expect its fiscal 2025 revenue to increase 4% to 8%, compared with its prior expectation of increasing 5% to 7%. Analysts polled by FactSet expect $15.69 billion.