Tractor Supply (TSCO) lowers full-year outlook as consumer trends weigh on Q3 sales performance
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Go back to Tractor Supply (TSCO) lowers full-year outlook as consumer trends weigh on Q3 sales performance
October 26, 2023 6:57 AM EDT
(Updated - October 26, 2023 7:34 AM EDT)
Tractor Supply (NASDAQ: TSCO) reported Q3 EPS of $2.25, $0.04 worse than the analyst estimate of $2.29. Revenue for the quarter came in at $3.41 billion versus the consensus estimate of $3.47 billion.
GUIDANCE:
Tractor Supply sees FY2023 EPS... More
October 25, 2023 6:03 AM EDT
By Pete Schroeder and Siddharth Cavale
WASHINGTON (Reuters) -The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called "swipe fees" banks can charge merchants for processing debit-card transactions, setting up a pitched battle between the two industries over potentially billions of dollars in revenue.
Citing data that showed the costs of processing such transactions had fallen by roughly half in recent years, the Fed proposed cutting the current cap from 21 cents per transaction to 14.4 cents per transaction.
The proposal, which is now open to public feedback, marks... More
