Warm Winter Blamed for Cooling Tractor Supply's Growth
Shares traded down slightly as Tractor Supply Company (NASDAQ: TSCO) reported fourth quarter 2019 earnings that were softer than expectations. The primary concern was weak year-over-year revenue growth of 2.7%. That was down from growth of 5.4% in the third quarter. Management attributed this weakness to the fact the U.S. experienced its sixth warmest winter in 125 years.
It's true it was a warm winter, and it's true that revenue growth slowed. But finicky weather patterns are a normal part of a Tractor Supply investment, and there are more important things to focus on with this company.
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Source Fool.com
