Tractor Supply Co

TSCO: XNAS (USA)
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Tractor Supply: Lowering Fair Value Estimate as Consumer Pressure Risk in Near Term Remains Elevated

Tractor Supply's needs-based products have been in demand despite economic duress, driving positive consumable, usable, and edible sales. But discretionary demand has suffered, as evidenced by big ticket sales down midsingle digits in its second quarter, provoking near-term caution on shares.

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