Where Will Tractor Supply Stock Be in 1 Year?

Tractor Supply's (NASDAQ: TSCO) management team disappointed some shareholders when they revealed in late April that sales trends missed their targets in Q1. This demand pressure also led to roughly flat earnings for the rural-lifestyle retailer, as compared to the prior-year period.

Yet company executives made encouraging comments about a rebound starting early in fiscal Q2. Let's take a closer look at why this period is so critical for the business and whether the retailer is still on track to cross $15 billion of annual sales in 2023.

It can sound like a poor excuse when executives blame the weather for surprisingly weak sales, as Tractor Supply did in late April. Light demand in March was driven by "less favorable spring weather trends," CEO Hal Lawton said in a statement. Comparable-store sales (comps) missed management's target as a result, slowing to 2% from 9% in the previous quarter.

Source Fool.com