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Tractor Supply Co. Plows Ahead

Brentwood, Tenn. Sales increased slightly, 2.9%, to $576.2 million in the first quarter of Tractor Supply Cos.’ fiscal year.

However, same-store sales declined 6.5% compared to a healthy increase of 8.5% in the first quarter last year.

In its prepared release, the company attributed the disappointing results to “lower-than-expected sales in big ticket, discretionary merchandise and seasonal merchandise.”

Tractor Supply opened 27 new stores in the first quarter.

© 2014