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Tractor Supply shares tracking for worst day in 16 years after firm cuts forecasts

Chad Riley | UpperCut Images | Getty Images

Shares of Tractor Supply fell more than 16 percent on Thursday, their worst day since April 28, 2000, when the stock lost 17.24 percent.

The retailer cut full-year revenue and earnings forecasts, and also gave third-quarter earnings-per-share guidance of between 65 cents and 67 cents, below previous expectations of 72 cents.

"With our customers generally being fiscally conservative, we believe many of them have responded to the economic uncertainty by reducing their purchasing patterns in some of our key geographic regions," said CEO Greg Sandfort in a press release.