Tractor Supply (TSCO - Free Report) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.50%. A quarter ago, it was expected that this retailer for farmers and ranchers would post earnings of $0.83 per share when it actually produced earnings of $0.81, delivering a surprise of -2.41%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Tractor Supply, which belongs to the Zacks Retail - Miscellaneous industry, posted revenues of $3.91 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 2.57%. This compares to year-ago revenues of $3.72 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Tractor Supply shares have lost about 34.6% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for Tractor Supply?While Tractor Supply has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Tractor Supply was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.41 on $4.03 billion in revenues for the coming quarter and $1.94 on $15.98 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Miscellaneous is currently in the top 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Sally Beauty (SBH - Free Report) , is yet to report results for the quarter ended September 2026.
This beauty products seller is expected to post quarterly earnings of $0.60 per share in its upcoming report, which represents a year-over-year change of +9.1%. The consensus EPS estimate for the quarter has been revised 0.7% lower over the last 30 days to the current level.
Sally Beauty's revenues are expected to be $948.3 million, up 0.1% from the year-ago quarter.
Analytici očekávají, že Tractor Supply ve 3. čtvrtletí vykáže zisk na akcii (EPS) ve výši 0,40 USD, což představuje meziroční pokles o 18,4 %, při tržbách 3,8 miliardy USD (meziročně +2,3 %).
Analysts on Wall Street project that Tractor Supply (TSCO - Free Report) will announce quarterly earnings of $0.40 per share in its forthcoming report, representing a decline of 18.4% year over year. Revenues are projected to reach $3.8 billion, increasing 2.3% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Tractor Supply metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Comparable store sales increase/(decrease)' stands at -1.1%. Compared to the present estimate, the company reported 3.9% in the same quarter last year.
It is projected by analysts that the 'Number of stores - Petsense' will reach 184 . Compared to the current estimate, the company reported 206 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Number of stores' should come in at 2,669 . The estimate compares to the year-ago value of 2,570 .
The collective assessment of analysts points to an estimated 'Number of stores - Tractor Supply' of 2,481 . Compared to the current estimate, the company reported 2,364 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Sales per selling square foot' will likely reach $90.31 . The estimate is in contrast to the year-ago figure of $92.39 .
Analysts expect 'Total selling square footage' to come in at 42 millions of square feet. The estimate is in contrast to the year-ago figure of 40 millions of square feet.
Based on the collective assessment of analysts, 'New stores opened - Tractor Supply' should arrive at 18 . Compared to the present estimate, the company reported 29 in the same quarter last year.
View all Key Company Metrics for Tractor Supply here>>>
Shares of Tractor Supply have experienced a change of +3% in the past month compared to the +1.5% move of the Zacks S&P 500 composite. With a Zacks Rank #5 (Strong Sell), TSCO is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Očekává se, že Tractor Supply ve 3. čtvrtletí 2026 vykáže tržby ve výši 3,8 miliardy USD, což představuje meziroční nárůst o 2,3 %, zatímco EPS klesne o 18 % na 40 centů.
Key Takeaways TSCO's Q3 revenues are projected to rise 2.3% to $3.8 billion, while EPS may fall 18% to 40 cents.Strong core merchandise demand, digital sales and seasonal improvements are likely to support TSCO's sales.Pet business, pricing actions and store productivity investments may boost TSCO's Q3 performance. Tractor Supply Company (TSCO - Free Report) is likely to register an increase in the top line when it reports third-quarter 2026 results on Oct. 22, before market open. The Zacks Consensus Estimate for revenues is pegged at $3.8 billion, indicating a 2.3% jump from the year-ago figure.
The bottom line of the leading rural lifestyle retailer is expected to have fallen year over year. The Zacks Consensus Estimate for earnings per share has been unchanged at 40 cents in the past 30 days, indicating a decline of around 18% from the year-ago period’s figure.
Tractor Supply has a negative trailing four-quarter earnings surprise of 4.6%, on average. In the last reported quarter, this Brentwood, TN-based company’s earnings missed the Zacks Consensus Estimate by 2.4%.
Key Factors Likely to Impact TSCO’s Q3 ResultsTractor Supply’s quarterly performance is likely to have benefited from demand and market share gains. The company has been gaining from demand for its core merchandise, including consumable, usable and edible products. TSCO’s focus on tailoring its product offerings to rural customers' daily needs has been a key driver of its success. In addition, digital sales, supported by in-store delivery, higher traffic and improved conversion, have helped.
The fiscal third-quarter results are likely to benefit from improving seasonal demand, pet business initiatives, pricing actions and investments in existing-store productivity. Improved precipitation across several geographies is likely to have extended the spring selling season and supported demand for lawn care, outdoor products and other seasonal merchandise.
TSCO is also focused on strengthening its pet business through localized assortments, premium nutrition offerings, exclusive brands and enhanced digital capabilities. The expansion of Freshpet, alongside Allivet, improved subscription services and the integration of VIP Petcare are expected to have supported customer engagement and market share. Such factors, coupled with the execution of its everyday low-price strategy, are expected to have bolstered its top-line performance in the quarter under review.
On its last earnings call, Tractor Supply had expected a modest sequential improvement in comparable sales during the second half, supported by ongoing business initiatives and easier year-over-year comparisons as the period progresses. Meanwhile, investments in Project Fusion remodels, store technology and existing-store productivity are expected to have enhanced the customer experience and improved returns. Our model anticipates comparable store average transaction to rise 0.4% year over year for the third quarter.
However, Tractor Supply continues to witness cautious rural spending, softer discretionary demand and weaker big-ticket purchases. Additionally, higher SG&A, including depreciation and amortization costs, expenses from opening a distribution center and cost inflation, including tariffs, are likely to have been concerns. Our model indicates a 3.3% year-over-year increase in depreciation and amortization for the third quarter. Such limitations are likely to have hurt the company’s bottom line in the quarter under review.
What the Zacks Model Unveils for TSCOOur proven model does not conclusively predict an earnings beat for Tractor Supply this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Tractor Supply has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell) at present.
Valuation & Price Performance of TSCO StockFrom a valuation perspective, Tractor Supply stock trades at a premium relative to the Retail - Miscellaneous industry. The company has a forward 12-month price-to-earnings ratio of 16.14X, above the industry’s average of 14.71X. However, the stock trades below the historical benchmarks, with a five-year high of 27.91X.
Image Source: Zacks Investment Research
TSCO shares have lost 24.8% in the past six months compared with the industry's 15% decline.
Image Source: Zacks Investment Research
Stocks Poised to Beat Earnings EstimatesHere are a few companies that have the right combination of elements to post an earnings beat this time around:
Kohl’s Corporation (KSS - Free Report) currently has an Earnings ESP of +460.00% and a Zacks Rank of 1. The company is likely to register a decline in the top line when it reports third-quarter fiscal 2026 numbers. The consensus mark for revenues is pegged at $3.5 billion, which indicates a decline of 1.1% from the figure reported in the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Kohl’s quarterly loss per share of a penny compares unfavorably with earnings per share of 10 cents seen in the year-ago quarter. The consensus mark has changed to a loss of a penny in the past 30 days from earnings of a penny. KSS has a trailing four-quarter earnings surprise of 84.8%, on average.
Chewy (CHWY - Free Report) has an Earnings ESP of +6.65% and currently has a Zacks Rank of 3. CHWY is likely to register top and bottom-line growth when it reports third-quarter fiscal 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $3.4 billion, indicating a 7.4% increase from the figure reported in the year-ago quarter.
The consensus estimate for CHWY’s fiscal third-quarter earnings is pegged at 38 cents a share, up 18.8% from the year-ago quarter. The consensus mark has been unchanged in the past 30 days. CHWY has delivered an earnings beat of 0.8%, on average, in the trailing four quarters.
American Eagle Outfitters, Inc. (AEO - Free Report) currently has an Earnings ESP of +1.32% and a Zacks Rank of 3. AEO is likely to register top-line growth when it reports third-quarter fiscal 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1.5 billion, indicating 6.8% growth from the figure reported in the year-ago quarter.
The consensus estimate for AEO’s third-quarter earnings is pegged at 49 cents a share, implying a 7.6% decrease from the year-earlier quarter. The consensus mark has dipped a penny in the past 30 days. AEO has delivered an earnings beat of 86.3%, on average, in the trailing four quarters.
Tractor Supply has raised its dividend every year for 17 straight years, but two consecutive earnings misses, a gutted outlook, and a stock down more than a third raise a pointed question about whether the rural retailer's cash flow can…
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Tractor Supply (NASDAQ:TSCO | TSCO Price Prediction) raised its quarterly dividend 4.3% to $0.24 in January, its 17th consecutive year of increases. Since then the company has missed earnings estimates twice, cut its fiscal 2026 outlook and withdrawn the long-term financial framework it laid out at its December 2024 Investor Day. The stock is down 35.56% year to date. Income investors now have to ask whether the payout is growing faster than the business behind it.
Feed and Fencing Hold Up While Big-Ticket Sales Slip Tractor Supply sells to rural households and hobby farmers. Most of its demand comes from consumable, usable and edible (CUE) products such as animal feed and farm supplies, which customers keep rebuying in good times and bad ones. Riding mowers and seasonal goods sit on top as optional purchases. In the second quarter, CUE categories stayed positive and big-ticket sales fell by a mid-single-digit percentage. Comparable store sales dropped 1.5%.
“What has not changed is customer engagement. What has changed is customer spending behavior.”
CEO Hal Lawton blamed one bad month:
“Positive comparable store sales in April and June were more than offset by unusually adverse conditions in May, which drove second quarter results below our expectations.”
Annual Coverage Looks Solid, but 2026 Cash Flow Is Thin At $31.62, the $0.96 forward dividend yields about 3.0%. The payout uses about 50% of trailing EPS of $1.91. In fiscal 2025, free cash flow (operating cash flow minus capital spending) came to around $740.5 million, and dividends took about 66% of it.
The first half of 2026 was tighter. Free cash flow was around $217.4 million, while dividends cost $252.0 million. A large spring inventory build explains much of the gap. On top of the dividend, the company spent $118M and $135.3M on buybacks in the first two quarters. On the July call, Chief Financial Officer Kurt Barton said:
“We maintain a strong balance sheet and preserve significant financial flexibility.”
How Lowe’s and Home Depot Compare Company Dividend Yield Trailing P/E Forward P/E Tractor Supply 3.0% 17 14 Lowe’s (NYSE:LOW) 2.63% 16 16 Home Depot (NYSE:HD) 1.61% 20 20 Tractor Supply now has a higher yield than both home improvement chains and the lowest forward multiple of the three. That changes its old identity. Annual dividend spending rose from $20.4 million in 2010 to $487.7 million in 2025, the profile of a low-yield stock with fast payout growth. After a December 2024 stock split, the quarterly rate went from $0.23 to $0.24, a much smaller step. Buyers today get a higher yield with slower growth.
What Would Break the Thesis Analysts are cutting estimates. The fiscal 2026 EPS consensus fell to $1.8725 from $2.1153 90 days ago, with 12 down revisions and none up. Store openings planned for 2027 dropped to 85 to 90 from 100.
The conclusion: the dividend growth story still holds, but at a slower pace. A payout ratio near 51% of 2026 consensus EPS leaves room for small annual increases that keep the streak going. The thesis breaks if CUE categories turn negative, because that would mean the repeat-purchase base under the cash flow is collapsing. The next tests are the third-quarter report, where the consensus is $0.4077, and the new framework due with Q4 2026 results.
Contact [email protected] for any questions or corrections.
Jupiter Topco LLC ve 2. čtvrtletí otevřela novou pozici v Tractor Supply a koupila 63 790 akcií za zhruba 2,016 milionu USD. CEO Harry Lawton, III mezitím nakoupil 15 600 akcií za 501 540 USD.
Jupiter Topco LLC purchased a new stake in Tractor Supply Company (NASDAQ:TSCO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 63,790 shares of the specialty retailer’s stock, valued at approximately $2,016,000.
A number of other hedge funds have also modified their holdings of TSCO. Goldman Sachs Group Inc. lifted its holdings in shares of Tractor Supply by 6.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock worth $156,108,000 after acquiring an additional 184,146 shares during the last quarter. Swedbank AB increased its holdings in Tractor Supply by 3.3% in the 4th quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after purchasing an additional 36,495 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock valued at $36,364,000 after purchasing an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Tractor Supply by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock valued at $56,086,000 after purchasing an additional 46,010 shares during the period. Finally, King Luther Capital Management Corp raised its position in Tractor Supply by 1.6% in the fourth quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock valued at $119,410,000 after purchasing an additional 36,778 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth TSCO has been the subject of several research analyst reports. Loop Capital lowered their price target on Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, June 16th. Wall Street Zen downgraded Tractor Supply from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. DA Davidson decreased their target price on Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Telsey Advisory Group dropped their target price on Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Finally, Citigroup reiterated a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.31.
Check Out Our Latest Research Report on TSCO Insider Activity at Tractor Supply In related news, CEO Harry Lawton, III acquired 15,600 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the purchase, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at approximately $501,540. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edna Morris acquired 1,560 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director owned 279,720 shares of the company’s stock, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 20,310 shares of company stock valued at $652,411 over the last ninety days. Insiders own 0.64% of the company’s stock.
Tractor Supply Stock Performance Shares of TSCO opened at $34.60 on Friday. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $60.87. The stock has a market capitalization of $18.15 billion, a PE ratio of 18.02, a PEG ratio of 3.76 and a beta of 0.48. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The stock has a 50-day simple moving average of $32.68 and a 200-day simple moving average of $37.35.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts predict that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.
Tractor Supply Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. Tractor Supply’s payout ratio is 50.00%.
Tractor Supply Profile (Free Report)
Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.
Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.
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Instacart se stal exkluzivním partnerem Petsense by Tractor Supply pro doručení ve stejný den, s doručením až do hodiny bez příplatku. Zákazníci mohou nakupovat přes aplikaci a web Instacartu.
The specialty pet retailer brings delivery in as fast as an hour to pet lovers nationwide with no markups
, /PRNewswire/ -- Instacart (Nasdaq: CART), a leading grocery technology company in North America, and Petsense by Tractor Supply, a wholly owned subsidiary of Tractor Supply Company (Nasdaq: TSCO), today announced a new partnership making Instacart the exclusive same-day delivery partner for Petsense. Starting today, customers can shop Petsense's large assortment of pet foods and supplies through the Instacart App and website, with same-day delivery in as fast as an hour with no markups.
Petsense by Tractor Supply joins the Instacart Marketplace with no markups for delivery in as fast as an hour "Petsense has built a loyal following among pet owners who care deeply about the wellbeing of their animals," said Blake Wallace, Vice President of Commercial Partnerships. "We're thrilled to be Petsense's exclusive same-day delivery partner, making it easier than ever for customers to get the specialty products their pets love, whenever they need them."
"At Petsense, we believe that ensuring the health and happiness of your pets should be the easiest decision you make in a day," said Shawn Blankenship, Vice President of Petsense by Tractor Supply. "By partnering with Instacart to offer same-day delivery, customers can now receive our top-quality assortment of pet food and supplies in as little as an hour. This partnership represents our commitment to being the most convenient and dependable place to shop for your pets."
With over 130 stores nationwide, Petsense offers a carefully curated selection of boutique and specialty brands, many exclusive to their stores, chosen for their exceptional quality and commitment to pet health and well-being.
Petsense joins more than 2,200 national and local retail banners on the Instacart Marketplace. To welcome Petsense to the Instacart Marketplace, customers can take $10 off their first qualifying $50 Petsense purchase on Instacart* now through September 30 on Instacart.
To start shopping Petsense, customers can visit https://www.instacart.com/store/petsense/storefront or download the Instacart App on their mobile device.
About Instacart
Instacart is a leading grocery technology company that partners with more than 2,200 retail banners -- representing nearly 100,000 stores -- to transform how people shop for the groceries they need from the retailers they trust, while creating flexible earning opportunities for shoppers. Through the Instacart Marketplace, Instacart Enterprise platform, and Instacart Ads ecosystem, the company powers ecommerce, fulfillment, in-store technology, AI offerings, and advertising for partners. For more information, visit www.instacart.com/company. Maplebear Inc. is the registered corporate name of Instacart.
About Petsense by Tractor Supply
Petsense by Tractor Supply, a wholly owned subsidiary of Tractor Supply Company (NASDAQ: TSCO), is a pet specialty retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities. Founded in 2005, Petsense by Tractor Supply specializes in providing a large assortment of pet food, supplies and services, such as grooming and training, and offering customers a tailored experience while providing the top-quality products they need at a price they love. Petsense by Tractor Supply carries a range of nationally recognized brands including Fromm, Orijen, Acana, Purina Pro Plan, Hill's Science Diet, Victor, Royal Canin, and NutriSource. Petsense by Tractor Supply is also committed to promoting responsible pet ownership through pet adoptions, community involvement and education. As of August 25, 2026, the Company operated 209 total Petsense stores across 23 states. For more information on Petsense by Tractor Supply, visit www.Petsense.com.
*$15 off for qualifying customers is valid through 9/30/2026 at 11:59PM PT and is valid only in the United States for your first Petsense order of $50 or more and purchased through Instacart, while supplies last. Discount will be applied to the total purchase price, and excludes taxes, service fees, special handling fees and/or other fees; offer cannot be applied to alcohol products. Deliveries subject to availability. In order to take advantage of this offer, customers must have a valid account on Instacart with a valid form of accepted payment on file. Only one offer per household. Instacart reserves the right to modify or cancel this offer at any time. Offer may not be sold, copied, modified, transferred or used retroactively for prior purchases. Void where restricted or prohibited by law. Offer may not be combined with any other sale, promotion, discount, code, coupon, and/or offer. Offer has no cash value. Instacart is not a retailer or seller. Instacart may not be available in all zip or post codes.
TSCO za měsíc vzrostl o 13 %, ale za posledních 52 týdnů je stále níže o 44,6 %. Tractor Supply zároveň snížila výhled na rok 2026 kvůli slabší návštěvnosti a diskrečním výdajům.
Key Takeaways TSCO gained 13% in a month, but shares remain down 44.6% over the past 52 weeks.Tractor Supply cut its 2026 outlook as weaker traffic and discretionary spending pressured results.TSCO's digital sales grew at a double-digit rate, while Fusion, pet and Final Mile investments advanced. Tractor Supply Company (TSCO - Free Report) shares have gained 13% in the past month, extending a near-term rebound after a much weaker longer-term stretch. The move has revived interest in whether operating initiatives can support a more durable recovery.
That question remains unsettled. Softer discretionary demand, expense pressure and lower earnings visibility continue to weigh on the setup, while digital growth, store investments and pet initiatives provide potential offsets.
TSCO's One-Month Rebound Meets Mixed FundamentalsTSCO's 13% one-month gain follows an 11.9% rise over the past three months, but the shares are still down 44.6% over 52 weeks. The contrast shows how sharp the latest bounce has been relative to the stock's broader decline.
Fundamentals remain mixed. Management lowered its 2026 outlook after weaker traffic and discretionary spending hurt seasonal and big-ticket categories, while the current-fiscal-year earnings estimate has fallen 8.6% over the past four weeks. That revision trend keeps earnings visibility limited even as the share price recovers.
Tractor Supply's Sales Trends Still Look FragileSecond-quarter comparable-store sales fell 1.5% as transactions declined 1.7% and average ticket increased just 0.2%. Positive comps in April and June were more than offset by a weak May, when big-ticket and hardlines spring goods reduced the quarterly comp by about two percentage points.
Image Source: Zacks Investment Research
Needs-based consumable, usable and edible categories remained resilient, but discretionary demand stayed soft. The Home Depot, Inc. (HD - Free Report) reported 0.6% comparable-sales growth in the first quarter of fiscal 2026 while citing consumer uncertainty and housing affordability pressure. Lowe's Companies, Inc. (LOW - Free Report) also posted 0.6% comparable-sales growth in its first quarter, with spring execution and online growth supporting results despite a challenging housing backdrop.
TSCO's Cost Pressures Cloud the Earnings SetupAdjusted selling, general and administrative expenses rose 7.3% in the second quarter and deleveraged 118 basis points to 25.1% of sales. Lower comps were the main pressure, while higher medical claims and legal settlements added about 35 basis points.
More cost pressure is still ahead. Start-up spending for Tractor Supply's 11th distribution center is expected to create an SG&A headwind of about 20 basis points in both the third and fourth quarters. Management now expects 2026 adjusted operating margin of 8.5%-8.8%, below its prior range.
Tractor Supply Has Real Operational OffsetsTractor Supply is not relying only on a demand recovery. Digital sales grew at a double-digit rate in the second quarter, supported by delivery from store, higher traffic and improved conversion. Final Mile deliveries in the first half already matched the total completed in all of 2025.
Project Fusion, localized assortments and pet initiatives offer additional levers. Freshpet was in about 250 stores at quarter-end and remains on track for at least 700 by year-end. New stores continue to generate attractive returns, while capital is being shifted toward Fusion remodels, localization and Final Mile delivery.
TSCO's Signals Still Favor CautionThe rebound has improved the stock's recent price action, but the broader investment signals still argue for restraint. TSCO currently carries a Zacks Rank #5 (Strong Sell), which reflects unfavorable earnings-estimate revision trends and points to a weaker near-term outlook.
The stock also has a VGM Score of F, with a Value Score of D, Growth Score of D and Momentum Score of F. Those readings suggest the recent share-price strength has not been matched by favorable value, growth or momentum characteristics, leaving the rebound vulnerable until the underlying signals improve.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Tractor Supply po slabším 2. čtvrtletí snížila výhled na fiskální rok 2026 a stáhla dlouhodobý finanční rámec. Zároveň zavře asi 75 slabě výkonných prodejen Petsense.
Contrarian Alert: 5 Downgraded Stocks That May Reward Long-Term InvestorsTractor Supply NASDAQ: TSCO said its second-quarter results came in below expectations as unusually weak May trends offset positive comparable sales in April and June, prompting the rural lifestyle retailer to lower its fiscal 2026 outlook, withdraw its long-term financial framework and announce the closure of about 75 underperforming Petsense stores.
Chief Executive Officer Hal Lawton said the company’s “underlying business remains healthy,” but that the quarter was pressured by a combination of higher fuel prices during the spring selling season and persistent drought in key southeastern markets. Those factors weighed on discretionary and project-oriented categories, including big-ticket items and hardlines spring goods.
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3 Retail Winners Using Cash Flow to Stay Ahead“Performance in our big ticket categories and hard lines spring goods during May alone reduced our Q2 comp sales by approximately two percentage points,” Lawton said, adding that needs-based businesses remained resilient.
Sales rise, but comparable sales decline Net sales increased approximately 2% to $4.5 billion, driven by new store growth and partly offset by lower comparable store sales. Comparable sales declined approximately 1.5%, reflecting lower transaction counts, modest inflation and softer discretionary demand, particularly in big-ticket categories.
Tractor Supply’s 10% Culling: A Bruise, Not a BreakLawton said consumable, usable and edible categories remained positive during the quarter, while big-ticket sales declined in the mid-single digits, led by softness in spring and summer categories in May. Digital sales posted double-digit growth, supported by deliver-from-store performance, higher traffic and improved conversion.
Chief Financial Officer Kurt Barton said reported gross profit increased 2.6% to $1.68 billion, with gross margin expanding 11 basis points to 37.1%. On an adjusted basis, gross profit rose 3.0% to $1.69 billion, and adjusted gross margin expanded 24 basis points to 37.2% of net sales. Barton said disciplined product cost management and tariff refunds more than offset higher freight expense and investments in the company’s price-value position.
Reported SG&A expense increased 14.4% to $1.22 billion, including a $65.8 million charge tied to the Petsense business and $9.5 million in acquisition costs associated with VIP Petcare. Excluding those items, adjusted SG&A rose 7.3% and deleveraged by approximately 118 basis points as a percentage of sales, largely because of lower comparable sales. Adjusted operating income was $548.3 million, and adjusted diluted earnings per share were $0.81.
Company cuts 2026 outlook Tractor Supply updated its fiscal 2026 guidance to reflect year-to-date performance and expectations for the remainder of the year. The company now expects:
Net sales growth of approximately 2.5% to 3.5%. Comparable store sales in the range of negative 1% to flat. Adjusted operating margin of 8.5% to 8.8%. Adjusted diluted EPS of $1.90 to $2.00. Barton said the company’s base case assumes modest sequential improvement in comparable sales in the second half as recent actions take hold and comparisons ease. However, he said guidance also reflects the possibility that current pressures persist.
For the second half, Barton said gross margin is expected to be below the prior year, with greater pressure in the third quarter than the fourth. Freight costs, including fuel, are expected to remain elevated, while tariff refunds are expected to provide less benefit than they did in the second quarter. The company also plans to open its 11th distribution center early in the fourth quarter, with start-up costs beginning in the third quarter and continuing into the fourth.
Pet strategy remains a focus Lawton said pet performance remains below where the company wants it to be, though trends improved sequentially from the first quarter and Tractor Supply continues to hold share. He said category resets are complete, including more localized assortments, greater exposure to premium nutrition and a stronger exclusive brand portfolio.
The company’s Freshpet rollout was in approximately 250 stores at the end of the second quarter, and Tractor Supply remains on track to expand it to at least 700 stores by year-end. During the question-and-answer portion of the call, Chief Merchant Seth Estep said more than 40% of Freshpet buyers were either new pet food buyers at Tractor Supply or reactivated buyers.
Tractor Supply also completed its acquisition of VIP Petcare during the quarter. Lawton said the acquisition adds relationships with about 1 million pets annually through a network of 2,500 veterinarians across 39 states and helps connect veterinary services, prescriptions and products across physical and digital channels.
The company is also moving to improve its value proposition through its “unbeatable price” campaign, clearer everyday value messaging and targeted promotions. Estep said customer survey results showed a roughly 180-basis-point year-over-year improvement in customers’ price-value perception of Tractor Supply, with sequential improvement in June and stronger results in July.
Petsense closures and capital reallocation Tractor Supply said it will close approximately 75 underperforming Petsense stores following a review of the business. Lawton said in response to an analyst question that those locations have negative four-wall cash flow, and that closing them will allow the company to redeploy capital into the core business.
Lawton said the remaining Petsense business is expected to be “strong” and profitable, while complementing the broader pet ecosystem that includes Allivet and VIP Petcare. He also said Petsense is not directly connected to the core Tractor Supply business and that the closures should not affect the company’s pet re-acceleration efforts in Tractor Supply stores.
The company also said it plans to open approximately 85 to 90 new stores in 2027, compared with a previous expectation of 100 new stores. Lawton said capital will be redeployed toward Project Fusion remodels, store relocations and Final Mile delivery.
Lawton described Project Fusion as one of the company’s most important initiatives to improve the existing store base, citing localization and expanded pet wash as elements contributing to performance. He also said Final Mile delivery remains a strong growth opportunity, with Tractor Supply completing as many Final Mile deliveries in the first half of 2026 as it did in all of 2025.
Long-term framework withdrawn Tractor Supply withdrew the long-term financial framework it introduced at its December 2024 Investor Day. Barton said the prior targets reflected the operating environment and assumptions at that time, but several underlying conditions have changed, including softer farm and ranch markets and pressure across key end markets.
“We no longer believe it is appropriate to anchor investors to the long-term financial algorithm we previously outlined,” Barton said. The company plans to provide an updated long-term framework with its fourth-quarter 2026 earnings announcement.
Despite the revised outlook, Barton said Tractor Supply remains in a strong financial position, with healthy cash flow, a strong balance sheet and financial flexibility. He said share repurchase activity is expected to be toward the high end of the company’s original guidance range of $375 million to $450 million, and that Tractor Supply remains committed to returning capital to shareholders through a growing dividend.
About Tractor Supply (NASDAQ:TSCO)Tractor Supply Company NASDAQ: TSCO is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.
Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.
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Tractor Supply (TSCO - Free Report) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.41%. A quarter ago, it was expected that this retailer for farmers and ranchers would post earnings of $0.35 per share when it actually produced earnings of $0.31, delivering a surprise of -11.43%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Tractor Supply, which belongs to the Zacks Retail - Miscellaneous industry, posted revenues of $4.54 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.64%. This compares to year-ago revenues of $4.44 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Tractor Supply shares have lost about 41.3% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Tractor Supply?While Tractor Supply has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Tractor Supply was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $3.86 billion in revenues for the coming quarter and $2.08 on $16.16 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Miscellaneous is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Arhaus, Inc. (ARHS - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of -36%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Arhaus, Inc.'s revenues are expected to be $366.37 million, up 2.2% from the year-ago quarter.
Key Takeaways Tractor Supply's Q2 revenues are projected to rise 4.6% y/y to $4.6 billion in sales this quarter.TSCO's EPS is expected to increase 4.9% to 85 cents, even as SG&A expenses rise 7.6% in Q2.Tractor Supply's gross margin is expected to expand 60 basis points to 37.5%, supporting profit growth. Tractor Supply Company (TSCO - Free Report) is likely to register increases in the top and bottom lines when it reports second-quarter 2026 results on June 23, before market open. The Zacks Consensus Estimate for revenues is pegged at $4.6 billion, indicating a 4.6% jump from the year-ago reported figure.
The bottom line of the leading rural lifestyle retailer in the United States is expected to have risen year over year. The Zacks Consensus Estimate for earnings per share has been moved down by a penny to 85 cents in the past 30 days, indicating a 4.9% rise from the year-ago period’s reported figure.
Tractor Supply has a negative trailing four-quarter earnings surprise of 3.7%, on average. In the last reported quarter, this Brentwood, TN-based company’s earnings missed the Zacks Consensus Estimate by 11.4%.
Key Factors Likely to Impact TSCO’s Q2 ResultsTractor Supply’s second-quarter 2026 results are expected to reflect higher expenses for a while. The company expects an increase in SG&A expenses due to deleveraged fixed costs and an accelerated store opening cadence. On the last reported quarter’s earnings call, management anticipated higher SG&A deleverage in the first half, owing to the timing of store openings, more normalized incentive compensation and the lapping of earlier strategic investments.
Our model indicates a 7.6% year-over-year increase in SG&A expenses for the second quarter, with the SG&A expense rate rising 50 basis points to 21.7%. Depreciation and amortization expenses are expected to increase 5.2% year over year.
Tractor Supply also faces headwinds from soft discretionary spending, pressured rural consumer demand and cautious big-ticket purchases. Persistent inflation and interest rates are weighing on traffic and ticket sizes, while weather volatility impacts seasonal categories. Margin pressure from elevated labor, freight and promotional activity remains concerning. Slower farm income trends and increased competition add to near-term uncertainty.
However, Tractor Supply has been gaining from consistent market share expansion and positive customer trends. In addition, the company benefits from the execution of its everyday low-price strategy. Tractor Supply is focused on its Life Out Here lifestyle assortment and convenient shopping format to attract customers and expand market share. The strategy is essentially based on five key pillars, which include customers, digitization, execution, team members and total shareholder return.
Our model indicates a 6.5% year-over-year increase in gross profit for the second quarter, with the gross margin increasing 60 basis points to 37.5%. Operating profit is expected to increase 5% year over year.
Tractor Supply is focused on its growth initiatives, which include the expansion of its store base and the incorporation of technological advancements to induce traffic and drive the top line. The major Life Out Here 2030 strategy aims to strengthen community engagement, drive traffic and enhance customer satisfaction through improved store accessibility and relevance. The company's store expansion efforts are key parts of its strategy to deliver sustainable growth in both urban-edge and rural markets.
What Does the Zacks Model Unveil for TSCO?Our proven model does not conclusively predict an earnings beat for Tractor Supply this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Tractor Supply has an Earnings ESP of -2.52% and a Zacks Rank of 4 (Sell) at present.
Valuation & Price Performance of TSCO StockFrom a valuation perspective, Tractor Supply stock trades at a premium relative to the Zacks Retail - Miscellaneous industry. The company has a forward 12-month price-to-earnings ratio of 13.55X, below the industry’s average of 14.3X. However, the stock trades below the historical benchmarks, with a five-year high of 27.91X.
Image Source: Zacks Investment Research
TSCO shares have lost 33% in the past three months compared with the industry's 16.9% decline.
Image Source: Zacks Investment Research
Stocks Poised to Beat Earnings EstimatesHere are a few companies that have the right combination of elements to post an earnings beat this time around:
Urban Outfitters Inc. (URBN - Free Report) has an Earnings ESP of +1.98% and sports a Zacks Rank of 1 at present. URBN’s earnings for the second quarter of fiscal 2026 are pegged at $1.72 per share, suggesting 8.9% year-over-year growth. The consensus mark for its quarterly earnings has moved up by a penny in the past 30 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Urban Outfitters’ quarterly revenues is pegged at $1.65 billion, which suggests growth of 9.5% from the figure reported in the prior-year quarter. URBN has a trailing four-quarter earnings surprise of 12.2%, on average.
Somnigroup International Inc. (SGI - Free Report) has an Earnings ESP of +2.43% and a Zacks Rank #2 at present. The consensus estimate for Somnigroup’s second-quarter 2026 earnings is pegged at 58 cents per share, implying growth of 9.4% from the year-ago quarter’s actual.
For Somnigroup’s quarterly revenues, the consensus mark is pegged at $1.9 billion, which indicates an increase of 0.4% from the year-ago quarter’s reported figure. SGI delivered a trailing four-quarter earnings surprise of 4.8%, on average.
Tapestry Inc. (TPR - Free Report) has an Earnings ESP of +4.84% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for revenues is pegged at $1.87 billion, implying 8.6% growth from the year-ago quarter’s actual.
The consensus estimate for Tapestry earnings is pegged at $1.24 per share, suggesting 19.2% growth from the year-ago quarter’s reported number. TPR delivered a trailing four-quarter earnings surprise of 15.6%, on average.
