For the second consecutive quarter, Tractor Supply (NASDAQ: TSCO) has surprised investors by announcing weaker-than-expected sales trends. The rural lifestyle retailer in late October announced positive revenue and earnings growth, but at rates that failed to meet management's short-term forecast -- again.

This spotty track record has investors worried that consumer spending shifts will hurt the business into late 2023 and through 2024. It has contributed to a tough year for shareholders, with the stock down 16% through late October.

Let's dive into those weaker operating trends and what they might mean for the business and its investors.

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Source Fool.com