July 23 (Reuters) - Tractor Supply TSCO.O withdrew its long-term profit and sales targets and lowered 2026 forecasts on Thursday, hurt by muted demand for seasonal and big‑ticket items amid economic uncertainty and elevated interest rates.

Demand for nonessential items and companion animal business stayed subdued, as persistently rising inflation, higher fuel prices and elevated interest rates weighed on consumer spending.

• Tractor Supply withdrew its long-term financial targets it had introduced in 2024 under the company's "Life Out Here 2030" strategy. It had then forecast net sales growth of 6% to 8% and earnings-per-share growth of 8% to 11%.

• "While we are not satisfied with our performance, we believe there are discrete headwinds impacting the majority of our end markets," said CEO Hal Lawton.

• The retailer opened stores at 28 new locations during the quarter, bringing its total to 2,463 stores as of June 27, as it continues to expand its footprint to reach a broader customer base.

• The Brentwood, Tennessee-based company's shares, which have fallen 41% so far this year, were up about 4% in premarket trading.

• The company reported an adjusted gross profit of $1.69 billion for the quarter ended June 27, up 3% from a year earlier, driven by product cost management and tariff-related benefits.

• The company's net sales rose 2.3% to $4.54 billion. Analysts on average had estimated a rise of 3.2% to $4.58 billion, according to data compiled by LSEG.

• The company also reported a second-quarter adjusted profit of 81 cents per share, missing estimates of 82 cents.

• Tractor Supply now expects fiscal 2026 net sales to grow between 2.5% and 3.5%, compared with a range of 4% to 6% it expected previously. Analysts were expecting a 3.5% rise.

• It projected annual comparable sales between a 1% decline and flat, compared with an earlier expectation for growth of 1% to 3%.

• It sees annual earnings per share in the range of $1.90 to $2.00, compared with its prior expectations of $2.13 to $2.23.