Tractor Supply To Lean in Grilling this Spring, Expects Good Tax Returns

Tractor Supply released their Q4 2025 earnings which was below expectations for a few different reasons. Most relevant to outdoor cooking, they continued to see pressure in consumer discretionary spending.

Before getting into the details, I want to acknowledge that our fourth quarter results came in below our expectations. Results reflected a shift in consumer spending with essential categories remaining resilient while discretionary demand moderated and emergency response was absent versus last year.