Tractor Supply makes Q1 gains in comp sales

U.S. farm and hardware retailer Tractor Supply Co. reported that net sales for the first quarter of 2024 increased 2.9 percent to a record $3.39 billion, from $3.30 billion in the first quarter of 2023. The increase was driven by new store openings and growth in comparable store sales, which were up 1.1 percent. Gross profit increased 4.4 percent to $1.22 billion.