拖拉机供应 2025年季度报告

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission file number000-23314 (615)440-4000(Registrant’s Telephone Number, Including Area Code) Not Applicable Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, $0.008 par valueTSCONASDAQ Global Select MarketIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Non-accelerated filer☐Smaller reporting companyEmerging growth companyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.)Yes☐No☑ ClassCommon Stock, $0.008 par value On December 30, 2024, the Company completed its acquisition of Allivet, an online pet pharmacy. Pursuant to the agreement Basis of Presentation The accompanying interim unaudited Consolidated Financial Statements have been prepared in accordance with accounting principlesgenerally accepted in the U.S. (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements.In theopinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with ourAnnual Report on Form 10-Kfor the fiscal year endedDecember28, 2024.The results of operations for our interim periods are not necessarily indicative of results for the full fiscal year.On December 5, 2024, the Company’s Board of Directors authorized afive-for-one forward split (the “Stock Split”) of the Company’soutstanding shares of common stock, par value $0.008per share. On December 20, 2024, stockholders of record at the close of business on December 16, 2024, receivedfouradditional shares of common stock for each share owned by such stockholder. The New Accounting Pronouncements Not Yet Adopted “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation ofIncome Statement Expenses.” The ASU is intended to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses in commonly presented expense captions. The ASUis required to be adopted for fiscal years beginning after December 15, 2026 and interim reporting periods beginning after December15, 2027. Early adoption is permitted. The amendments should be applied on either a prospective basis to financial statements issuedfor reporting periods after the effective date of the update, or on a retrospective basis to any or all prior periods presented in thefinancial statements. The Company is currently evaluating the impact of adoption on its financial disclosures. requires that an entity disclose specific categories in the effective tax rate reconciliation as well as provide additional information forreconciling items that meet a quantitative threshold. Further, the ASU requires certain disclosures of state versus federal income taxexpense and taxes paid. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2024. prospective basis although retrospective application is permitted. The Company is currently evaluating the impact of adoption on itsfinancial disclosures. Supplier Finance ProgramThe Company has an agreement with a third-party financial institution that allows certain participating suppliers the ability to financepayment obligations from the Company. The third-party financial institution has separate arrangements with the Company’s suppliersand provides them with the option to request early payment for invoices confirmed by the Company. The Company does not determinethe terms or conditions of the arrangement between the third-party and its suppliers and receives no compensation from the third-party Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly