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(Reuters) -Farming supplies retailer Tractor Supply cut its annual profit forecast on Thursday, citing a "notable increase in uncertainty", particularly from the introduction of new tariffs.
Shares of Brentwood, Tennessee-based Tractor Supply were down 4% in premarket trading, after the company also missed analysts' estimates for first-quarter net sales and profit.
U.S. President Donald Trump's tariff policies are expected to cause product prices to surge, leading to consumers holding off on big-ticket and discretionary purchases.
Tractor Supply expects 2025 earnings per share to be between $2.00 and $2.18, compared with its previous forecast of $2.10 to $2.22.
It expects annual net sales to rise between 4% and 8%, compared with a 5% to 7% increase projected earlier.
The company has been ramping up new store openings and growing its Neighbor's Club loyalty program, alongside investments in its e-commerce business, including curbside pickup and same-day, next-day deliveries to rekindle demand.
Its net sales rose 2.1% to $3.47 billion during the quarter ended March 29, but missed analysts' average estimate of $3.54 billion, according to data compiled by LSEG.
Comparable store sales fell 0.9%, compared with expectations of a 1.06% rise.
The company earned 34 cents per share during the quarter, also below the estimate of 37 cents.
(Reporting by Neil J Kanatt in Bengaluru; Editing by Shilpi Majumdar)