More on Tractor Supply (TSCO): Q1 beats on on double-digit same-store and total sales growth. Revenue jumped 22% Y/Y as warmer-than-usual weather boosted sales of spring items. Bottom line margins were also lifted by solid inventory management and reduced exposure to weather trends. Gross margin slipped slightly to 32.6% from 32.7%, as warmer weather in January and February prompted markdowns on winter merchandise. Shares -2% AH.
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