Tractor Supply Company (NASDAQ:TSCO) saw its shares plummet 6.09% in pre-market trading on Thursday, despite reporting third-quarter earnings that slightly beat analyst expectations. The rural lifestyle retailer's stock faced pressure as investors digested the company's narrowed fiscal year 2025 guidance, which may have raised concerns about future growth prospects.

For the third quarter, Tractor Supply reported earnings per share (EPS) of $0.49, edging past the analyst consensus estimate of $0.48. This represents an 8.89% increase from the same period last year. The company's quarterly sales reached $3.719 billion, meeting analyst expectations and marking a 7.24% year-over-year increase. Notably, comparable store sales growth came in at 3.9%, demonstrating continued consumer demand for Tractor Supply's products.

However, the company's outlook for the full fiscal year 2025 seems to have dampened investor enthusiasm. Tractor Supply narrowed its guidance range, now expecting full-year EPS between $2.06 and $2.13, which aligns with the FactSet estimate of $2.10. The company projects fiscal year revenue growth of 4.6% to 5.6% and comparable store sales growth of 1.4% to 2.4%. These projections, while still positive, may suggest a potential slowdown in growth compared to the current quarter's performance, leading to the sharp pre-market decline in share price as investors reassess their expectations for the company's near-term prospects.