Tractor 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.
“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.
Lawton 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.
Key Takeaways Tractor Supply missed Q2 earnings and revenue estimates as comparable sales declined 1.5%. TSCO lowered its 2026 sales, comp and earnings outlook amid softer discretionary demand.Gross margin improved on cost management, while higher SG&A expenses pressured profitability. Tractor Supply Company (TSCO - Free Report) reported adjusted earnings of 81 cents per share for the second quarter of 2026, unchanged from the year-ago period. The metric lagged the Zacks Consensus Estimate of 83 cents.
Net sales rose 2.3% year over year to $4.5 billion, driven by new stores. The top line missed the consensus mark of $4.6 billion. Comparable-store sales (comps) fell 1.5% as transaction count decreased 1.7%, partly offset by a 0.2% increase in average ticket. We had expected comps to rise 1.6% for the reported quarter.
Comps were positive in April and June, with underperformance in May contributing to the decrease in the quarter. May results were affected by weaker demand in seasonal merchandise, particularly big-ticket products, along with softer consumer spending across discretionary categories.
Although the company's consumable, usable and edible categories remained relatively resilient, the companion animal business continued to underperform the overall company, despite showing improved trends through the quarter. Strength across the balance of the company's consumable, usable and edible categories, along with an increase in digital sales, somewhat offset these headwinds.
This Zacks Rank #4 (Sell) company’s shares have lost 20.1% over the past three months compared with the industry’s 12.6% decline.
TSCO’s Margins & CostsAdjusted gross profit rose 3% year over year to $1.7 billion, while the adjusted gross margin improved 24 basis points (bps) to 37.2%. Disciplined product cost management and tariff-related benefits more than offset increased freight expenses and incremental price investments. Our model had anticipated gross profit to rise 6.5% and gross margin to expand 60 bps in the reported quarter.
Selling, general and administrative (SG&A) expenses, including depreciation, amortization and impairment, jumped 14.4% year over year to $1.2 billion. As a percentage of net sales, SG&A expenses increased 290 bps to 26.8%. On an adjusted basis, SG&A expenses increased 7.3% to $1.1 billion, or 118 bps to 25.1% as a percentage of net sales for the quarter, mainly owing to deleverage from weak comps and higher claims and legal settlement expenses. We had expected SG&A costs to increase 7.6% year over year and to rise 50 bps, as a percentage of net sales, to 21.7%.
Operating income decreased 19.2% year over year to $467.1 million. On an adjusted basis, operating income dipped 5.1% year over year to $548.3 million, translating into an adjusted margin of 12.1%. We had expected operating income to increase 5% year over year.
TSCO’s Financial HealthTractor Supply ended the quarter with cash and cash equivalents of $231.6 million, long-term debt of $2.2 billion and total stockholders’ equity of $2.6 billion. In first-half 2026, net cash provided by operating activities was $653.1 million. In the same period, the company incurred capital expenditures of $435.7 million.
During second-quarter 2026, Tractor Supply returned $260.9 million to shareholders. This included the repurchase of 3.9 million shares of its common stock for $135.3 million and the payment of $125.6 million in quarterly cash dividends.
It opened 28 Tractor Supply stores and three new Petsense by Tractor Supply stores in the reported quarter.
Tractor Supply Updates 2026 OutlookManagement now expects 2026 net sales growth of 2.5-3.5%, with comps ranging from a 1% decline to flat. The reported operating margin is projected between 8% and 8.3%, while the adjusted rate is expected at 8.5-8.8%. It had earlier projected net sales growth of 4-6% and comps growth of 1-3% for 2026.
Adjusted net income is forecast between $990 million and $1.1 billion, with adjusted earnings anticipated at $1.90-$2.00 per share. Tractor Supply also withdrew the long-term financial framework presented at its December 2024 Investor Day and plans to issue an updated framework with its fourth-quarter results. Management had earlier guided operating margin between 9.3% and 9.6% and net income of $1.1-$1.2 billion, with earnings per share anticipated to be $2.13-$2.23.
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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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Tractor Supply Company (TSCO) Q2 2026 Earnings Call July 23, 2026 10:00 AM EDT
Company Participants
Mary Pilkington - Senior Vice President of Investor Relations & Public Relations
Harry Lawton - President, CEO & Director
Kurt Barton - Executive VP, CFO & Treasurer
Seth Estep - Executive VP & Chief Merchandising Officer
Conference Call Participants
Steven Forbes - Guggenheim Securities, LLC, Research Division
Steven Zaccone - Citigroup Inc., Research Division
Jonathan Matuszewski - Jefferies LLC, Research Division
Zachary Fadem - Wells Fargo Securities, LLC, Research Division
Michael Lasser - UBS Investment Bank, Research Division
Spencer Hanus - Wolfe Research, LLC
Charles Grom - Gordon Haskett Research Advisors
Jeffrey Lick - Stephens Inc., Research Division
Peter Benedict - Robert W. Baird & Co. Incorporated, Research Division
Katharine McShane - Goldman Sachs Group, Inc., Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to Tractor Supply Company's conference call to discuss second quarter 2026 results. [Operator Instructions] Please be advised that reproduction of this call in whole or in part is not permitted without written authorization of Tractor Supply Company. And as a reminder, this call is being recorded. I would now like to introduce your host for today's call, Mary Winn Pilkington, Senior Vice President of Investor and Public Relations for Tractor Supply Company. Mary Winn, please go ahead.
Mary Pilkington
Senior Vice President of Investor Relations & Public Relations
Thank you, operator. Good morning, everyone. We appreciate your time and participation in today's call. On the call today, participating in prepared remarks are Hal Lawton, our Chief Executive Officer; and Kurt Barton, our Chief Financial Officer. We will also have Seth Estep, EVP and Chief Merchant; Rob Mills, EVP of Digital, IT and Pet Services; John Ordus, EVP and Chief Stores Officer; and Craig Ledbetter, our SVP and Chief Supply Chain Officer, join the call for the Q&A portion.
Tractor Supply (TSCO - Free Report) reported $4.54 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 2.3%. EPS of $0.81 for the same period compares to $0.81 a year ago.
The reported revenue represents a surprise of -1.64% over the Zacks Consensus Estimate of $4.62 billion. With the consensus EPS estimate being $0.83, the EPS surprise was -2.41%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Tractor Supply performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales increase/(decrease): -1.5% versus the six-analyst average estimate of 0.6%.Number of stores - Petsense: 209 compared to the 206 average estimate based on five analysts.Number of stores: 2,672 compared to the 2,658 average estimate based on five analysts.Number of stores - Tractor Supply: 2,463 compared to the 2,456 average estimate based on five analysts.Sales per selling square foot: $108.44 compared to the $111.28 average estimate based on four analysts.Total selling square footage: 41.88 Msq ft compared to the 41.91 Msq ft average estimate based on four analysts.New stores opened - Tractor Supply: 28 compared to the 18 average estimate based on three analysts.New stores opened - Petsense: 3 versus 1 estimated by three analysts on average.View all Key Company Metrics for Tractor Supply here>>>
Shares of Tractor Supply have returned -2.3% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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.
California Public Employees Retirement System lowered its holdings in Tractor Supply Company (NASDAQ:TSCO – Free Report) by 24.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 798,642 shares of the specialty retailer’s stock after selling 253,706 shares during the period. California Public Employees Retirement System owned about 0.15% of Tractor Supply worth $36,178,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Bison Wealth LLC increased its stake in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Tractor Supply by 40.7% during the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after acquiring an additional 13,051 shares in the last quarter. Intech Investment Management LLC increased its position in Tractor Supply by 26.9% in the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after purchasing an additional 5,542 shares during the last quarter. Sei Investments Co. raised its position in Tractor Supply by 1.2% during the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock valued at $16,676,000 after acquiring an additional 3,631 shares in the last quarter. Finally, Glenview Trust co raised its holdings in shares of Tractor Supply by 36.0% during the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after purchasing an additional 5,194 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on the company. BNP Paribas Exane cut their price objective on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. UBS Group set a $33.00 price objective on shares of Tractor Supply and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Barclays set a $35.00 target price on Tractor Supply and gave the company an “equal weight” rating in a research note on Monday, July 13th. Stephens cut their price target on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Finally, Guggenheim reissued a “buy” rating and set a $50.00 price objective (down from $60.00) on shares of Tractor Supply in a report on Friday, June 5th. Thirteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.88.
Read Our Latest Stock Analysis on TSCO
Tractor Supply Price Performance TSCO opened at $29.64 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16. The stock has a market capitalization of $15.54 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 6.57 and a beta of 0.46. The company’s 50 day simple moving average is $30.64 and its 200-day simple moving average is $41.60. Tractor Supply Company has a one year low of $28.36 and a one year high of $63.99.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that Tractor Supply Company will post 2.08 earnings per share for the current fiscal year.
Tractor Supply Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.2%. Tractor Supply’s payout ratio is presently 47.06%.
Tractor Supply Company 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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Investors are asking me if The Tractor Supply Company (TSCO 0.69%) is a buy at current market prices.
*Stock prices used were the afternoon prices of July 17, 2026. The video was published on July 19, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tractor Supply. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Analysts on Wall Street project that Tractor Supply (TSCO - Free Report) will announce quarterly earnings of $0.83 per share in its forthcoming report, representing an increase of 2.5% year over year. Revenues are projected to reach $4.63 billion, increasing 4.4% from the same quarter last year.
The current level reflects a downward revision of 1.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Tractor Supply metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Number of stores - Petsense' at 206 . The estimate is in contrast to the year-ago figure of 207 .
Analysts predict that the 'Number of stores' will reach 2,658 . The estimate is in contrast to the year-ago figure of 2,542 .
Based on the collective assessment of analysts, 'Number of stores - Tractor Supply' should arrive at 2,456 . Compared to the present estimate, the company reported 2,335 in the same quarter last year.
The consensus among analysts is that 'Sales per selling square foot' will reach $111.28 . The estimate is in contrast to the year-ago figure of $111.67 .
It is projected by analysts that the 'Total selling square footage' will reach 42 millions of square feet. Compared to the current estimate, the company reported 40 millions of square feet in the same quarter of the previous year.
The consensus estimate for 'New stores opened - Tractor Supply' stands at 18 . Compared to the current estimate, the company reported 24 in the same quarter of the previous year.
View all Key Company Metrics for Tractor Supply here>>>
Over the past month, shares of Tractor Supply have returned +0.9% versus the Zacks S&P 500 composite's +0.6% change. Currently, TSCO carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, and the Tractor Supply Company Foundation announced today a $100,000 donation to the Farmer Veteran Coalition's (FVC) Fellowship Fund, a small grant program that provides direct assistance to veterans who are in their beginning years of farming or ranching. This marks the eighth year of this partnership, benefiting more than 450 veterans in their agricultural vent.
Wall Street expects a year-over-year increase in earnings on higher revenues when Tractor Supply (TSCO - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 23, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis retailer for farmers and ranchers is expected to post quarterly earnings of $0.85 per share in its upcoming report, which represents a year-over-year change of +4.9%.
Revenues are expected to be $4.63 billion, up 4.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.22% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Tractor Supply?For Tractor Supply, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.52%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Tractor Supply will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Tractor Supply 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 beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Tractor Supply doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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.
America's largest rural lifestyle retailer partners with Instacart to deliver pet supplies, livestock needs, and more to communities nationwide at no markups in as fast as an hour
, /PRNewswire/ -- Instacart (Nasdaq: CART), the leading grocery technology company in North America, and Tractor Supply Company (Nasdaq: TSCO), the largest rural lifestyle retailer in the United States, today announced a new nationwide partnership to offer same-day delivery from more than 2,400 Tractor Supply stores through the Instacart App and website.
Customers can shop Tractor Supply’s broad assortment on Instacart – including pet food and supplies, livestock feed, farm and ranch products, garden essentials, tools and hardware – with delivery in as fast as one hour at no markups. Starting today, customers can shop Tractor Supply's broad assortment on Instacart – including pet food and supplies, livestock feed, farm and ranch products, garden essentials, tools and hardware – with delivery in as fast as one hour at no markups.
"We're excited to bring Tractor Supply's trusted assortment of home, animal, and yard products to Instacart customers across the country," said Blake Wallace, Vice President of Retail Partnerships at Instacart. "Tractor Supply is a beloved brand with a broad reach that serves customers in communities of all kinds, and with Instacart, those customers can get what they need delivered to their door in as fast as an hour."
"We're committed to making living the Life Out Here lifestyle easier and more convenient," said Matthew Rubin, SVP and President of Digital & Ecommerce at Tractor Supply Company. "Our partnership with Instacart provides customers with another seamless way to shop Tractor Supply, combining the products they trust with the speed and convenience of Instacart delivery. This partnership also introduces Tractor Supply to millions of Instacart users as a dependable supplier of the products they need to care for their pets, animals and land."
Tractor Supply serves an important role in the U.S., with thousands of stores in communities that are often miles from the nearest urban center. Through this partnership, Instacart is helping bridge the last-mile gap for rural customers who depend on Tractor Supply for everyday essentials - from pet food for the family dog to feed for farm animals. The partnership reflects Instacart's commitment to expanding convenient, same-day delivery beyond urban areas and into rural communities that Tractor Supply calls home.
Through the Instacart App and website, customers can now browse and order from a variety of Tractor Supply's product assortment, including pet food, treats, toys, grooming, and health products for dogs, cats, and small animals; feed, supplements, and care products for horses, cattle, goats, and poultry; hand tools, power tools, fasteners, and building supplies; work boots, outerwear, and apparel; and garden supplies, outdoor power equipment, heating, and lawn care.
Tractor Supply joins more than 2,200 national and local retail banners on the Instacart Marketplace. To start shopping Tractor Supply, customers can visit www.instacart.com/store/tractor-supply/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 Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 290 on the Fortune 500. The Company's more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company's commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, Allivet, a leading online pet and animal pharmacy, and VIP Petcare, the largest provider of mobile veterinary care in the United States, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer's doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
Academy Sports and Outdoors (TSCO 0.62%) and Tractor Supply (TSCO 0.62%) haven’t delivered meaningful revenue growth. But that’s largely due to macroeconomic factors out of these companies’ control. Both stocks trade at cheap valuations relative to their earnings. Whichever company can scale and grow revenue faster in the coming years may be the one that outperforms. Here’s a comparison of where these businesses stand today and how they are looking to expand.
Academy Sports and Outdoors: Maintaining Consistent RevenueAcademy Sports and Outdoors primarily generates revenue by selling a diverse inventory of sporting goods, outdoor recreation equipment, and athletic apparel directly to consumers through its widespread retail stores and digital platform. While it recently expanded its omnichannel capabilities by adding new same-day delivery partners and opening additional stores in satellite markets, it reported approximately 33% gross margin for the quarter ended May 2, 2026.
Tractor Supply: Navigating Revenue Peaks and TroughsTractor Supply earns most of its revenue by providing rural lifestyle products, including equine and livestock supplies, hardware, and seasonal goods, to recreational farmers and ranchers across the United States. It completed the acquisition of a veterinary services business, launched a storewide expansion of its hardware categories, and reported a net income margin of about 5% for the quarter ended March 28, 2026.
Why Revenue Matters for Retail InvestorsRevenue is the most fundamental measure of a company’s performance. Changes over time indicate a company’s ability to reach new customers, fend off competitors, and deliver long-term returns to shareholders. It’s particularly meaningful in comparing growth in this metric between two companies in the same sector.
Quarterly Revenue for Academy Sports and Outdoors and Tractor SupplyQuarter (Period End)Academy Sports and Outdoors RevenueTractor Supply RevenueQ3 2024$1.5 billion (period ended Aug. 2024)$3.5 billion (period ended Sept. 2024)Q4 2024$1.3 billion (period ended Nov. 2024)$3.8 billion (period ended Dec. 2024)Q1 2025$1.7 billion (period ended Jan. 2025)$3.5 billion (period ended March 2025)Q2 2025$1.4 billion (period ended May 2025)$4.4 billion (period ended June 2025)Q3 2025$1.6 billion (period ended Aug. 2025)$3.7 billion (period ended Sept. 2025)Q4 2025$1.4 billion (period ended Nov. 2025)$3.9 billion (period ended Dec. 2025)Q1 2026$1.7 billion (period ended Jan. 2026)$3.6 billion (period ended March 2026)Q2 2026$1.4 billion (period ended May 2026)Not yet reportedData source: Company filings.
Foolish TakeMacroeconomic headwinds, including soft consumer spending and tariffs, have stalled growth for many retail companies. This largely explains the revenue performance of Academy and Tractor Supply over the past two years.
However, Tractor Supply’s focus on essential consumer goods for its rural customer base has proven a bit more resilient. This is evident in relative revenue performance, with Tractor Supply posting slightly higher revenue in the last quarter compared to two years ago. At the same time, Academy Sports reported slightly lower total revenue in the most recent quarter than in the same quarter two years ago.
Weakness in consumer spending will be a lingering obstacle for both companies, but Tractor Supply offered stronger full-year guidance. It expects comparable store sales to increase between 1% to 3%. Meanwhile, Academy Sports and Outdoor is not far behind but expects comp sales to be flat to up 2% this year.
Tractor Supply has a more resilient business model built on selling essentials to rural customers. This is why the stock still commands a higher price-to-earnings valuation multiple of about 14x, compared to Academy Sports’ 7x forward earnings multiple.
Academy could offer more upside if it can find a consistent growth formula and scale to Tractor Supply’s size. Academy is seeing strong growth in its e-commerce business and continues to invest in its loyalty/credit card business, which could lead to higher repeat purchases over time.
Tractor Supply Company (NASDAQ: [url="]TSCO[/url]), the largest rural lifestyle retailer in the United States (the âCompanyâ), intends to release its secon
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the “Company”), intends to release its second quarter 2026 results before the market opens on Thursday, July 23, 2026. In conjunction with this release, the Company will hold a conference call beginning at 10 a.m. ET on July 23, 2026, hosted by Hal Lawton, President and Chief Executive Officer, and Kurt Barton, Executive Vice President and Chief Financial Officer. The call will be webcast live at IR.TractorSupply.com. Supplemental materials will be available at least 15 minutes prior to the start of the conference call.
Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the webcast. A replay of the webcast will be available at IR.TractorSupply.com shortly after the conference call concludes.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 290 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, Allivet, a leading online pet and animal pharmacy, and VIP Petcare, the largest provider of mobile veterinary care in the United States, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
SummaryTractor Supply Company is a wide-moat rural retailer with a resilient, needs-based business model and strong local market adaptation.TSCO targets 3,200 stores long-term, leveraging a $225 billion addressable market and ongoing digital integration to drive growth and recurring revenue.Shares trade at a discount to a $40 fair value estimate, with 8.9% annual EPS growth expected and a sustainable 3.2% dividend yield.Key risks include store footprint cannibalization and underperformance in the companion animal segment, but localized offerings and loyalty programs strengthen TSCO’s competitive position.Looking for a portfolio of ideas like this one? Members of The Dividend Kings get exclusive access to our subscriber-only portfolios. Learn More » ligora/iStock via Getty Images
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Tractor Supply Company's earnings growth has stalled in the past couple of years as rural consumers' income has been pressured. The slowdown has captured the market narrative. TSCO's growth story still stands. Store performance looks to pick back up in 2026 already, and the retailer continues to expand its store network. Given a near-decade-low valuation, I estimate TSCO stock to have 50% upside to $46.2.
BRENTWOOD, Tenn.--(BUSINESS WIRE)-- #4H--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States; Starlink, the world's most advanced satellite constellation that delivers reliable broadband connectivity nationwide, including to locations where high-speed internet has traditionally been too expensive, unreliable or entirely unavailable; and 4-H, America's largest youth development organization, announced today an alliance aimed at expanding broadband access in.
Tractor Supply Co. is upgraded to buy as valuation compresses to 14x earnings despite only cyclical headwinds. TSCO's Q1 saw modest 3.6% revenue growth, with comp sales up just 0.5% and operating income down 6%, driven by external consumer pressures. Management views current challenges—fuel costs, pet market softness—as temporary, continues store expansion, and maintains positive long-term guidance.
The pet and rural lifestyle sectors have shown remarkable resilience in changing markets. Deciding between Chewy (CHWY +4.15%) and Tractor Supply (TSCO +0.51%) requires weighing digital convenience against physical dominance in your portfolio.
Chewy revolutionized pet ownership through its high-tech e-commerce platform and subscription-heavy model. Conversely, Tractor Supply serves the "life out here" crowd with essential hardware and farm supplies across thousands of stores. Both companies are expanding aggressively into pet health services, making them direct competitors in the lucrative animal care market.
The case for ChewyChewy operates in the competitive landscape of retail stocks by offering about 190,000 products through its website and apps. It recently expanded its pet healthcare ecosystem by acquiring Modern Animal, a technology-enabled veterinary provider. The company relies on its Autoship subscription program to drive customer retention and provide revenue visibility while partnering with Amazon Web Services (AWS) for infrastructure.
In FY 2025, revenue reached nearly $12.6 billion, representing growth of approximately 6.2% compared to the previous year. The company reported a net income of roughly $222.8 million for the period. This resulted in a net margin of close to 1.8%, which measures the percentage of revenue a company keeps as profit after all expenses.
As of its February 2026 balance sheet, the debt-to-equity ratio was roughly 1.1x while the current ratio was approximately 0.9x. These metrics compare total debt to shareholder equity and short-term assets to liabilities, respectively. Free cash flow reached nearly $562.4 million, but note that stock-based compensation represented roughly 43.1% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.
The case for Tractor SupplyTractor Supply serves recreational farmers and ranchers through a network of 2,435 stores and a growing digital platform. The company recently acquired VIP Petcare and Allivet to integrate veterinary services and online pharmacy capabilities into its rural lifestyle ecosystem. These additions allow the company to offer a more comprehensive range of products and services to its pet-owning customer base.
In FY 2025, revenue reached close to $15.5 billion, a growth of roughly 4.3% over the prior year. The company generated a net income of approximately $1.1 billion during this period. This produced a net margin of about 7.1%, which indicates the percentage of revenue remaining after all operating and non-operating costs are paid.
As of the December 2025 balance sheet, the debt-to-equity ratio was roughly 2.3x, representing total debt relative to shareholder equity. The current ratio was approximately 1.3x, which measures how easily the company can meet its short-term financial obligations. Free cash flow for the period was nearly $740.5 million, providing capital for further expansion or potential shareholder returns.
Risk profile comparisonChewy faces intense competition from e-commerce players like Amazon and traditional omnichannel retailers. The company must also manage complex federal and state regulations regarding its pharmacy and telehealth services. Furthermore, dependency on third-party technology providers creates risks for service outages that could impact its reputation and financial results.
Tractor Supply is sensitive to weather and climate events that can significantly alter demand for its seasonal agricultural products. The company relies on a global network of over 1,100 vendors, which presents risks if transportation delays or geopolitical tensions harm inventory availability and gross margins. Additionally, the company faces strategic integration risks as it incorporates new veterinary service businesses into its legacy retail operations.
Valuation comparisonTractor Supply trades at a lower forward P/E than the sector, while Chewy offers a lower P/S ratio relative to its revenue.
MetricChewyTractor SupplySector BenchmarkForward P/E23.1x14.3x28.6xP/S ratio0.6x1.0xSector benchmark uses the SPDR XLY sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Pet owners know that both Chewy and Tractor Supply offer a wide range of products for their furry family members, but which stock belongs in a long-term portfolio? With Chewy, you’re largely betting on an industry disruptor that wants to bring the pet supplies market fully online, and then capture it. Unfortunately, it’s competing with arguably the best in the e-commerce game, in Amazon.
Tractor Supply targets a different approach, with its more than 2,000 stores across 49 states and products ranging from general pet supplies to agricultural products, tools, and equipment. It’s an established and essential business, but it also carries the risks of the agriculture market, including weather sensitivity and transportation network risks.
Both stocks have disappointed investors over the last five years, with Tractor Supply down nearly 10% since June 23, 2021, and Chewy dropping a whopping 78%. The last year paints a still ugly, but slightly different picture, with Chewy down about 60% and Tractor Supply losing 44% year over year. Clearly, both are facing operational and macroeconomic challenges, though at their current valuations, both may be strong contrarian buys. Despite its recent returns, I like Tractor Supply as a defensive option better than Chewy as a bet on industry disruption. It’s the only one of the two that pays a dividend and it seems to be a more defensive play with fewer industry competitors.
During two-week campaign, held in partnership with Miranda Lambert’s MuttNation Foundation, customers donated more than $547,000 to support animal shelters and rescues in the wake of natural disasters
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, announced today that its customers have contributed more than $547,000 to help provide a critical lifeline to animal shelters and rescues impacted by natural disasters through the Relief for Rescues Fund.
From May 26 to June 7, Tractor Supply customers donated to the Relief for Rescues Fund at checkout, either in store or at TractorSupply.com. Tractor Supply and Miranda Lambert’s MuttNation Foundation established the Relief for Rescues Fund in 2023. Since then, more than $1.6 million has been allocated to over 166 shelters and rescues in the wake of hurricanes, floods, wildfires, tornadoes and other devastating events.
“Anyone who knows our customers realizes pretty quick that their pets are truly part of the family,” said Kimberley Gardiner, Tractor Supply’s chief marketing officer. “That’s why this partnership with Miranda and MuttNation resonates so strongly. When disasters strike, shelters and rescue organizations often face overwhelming challenges, and our customers never hesitate to lend a hand. Their generosity continues to make a meaningful difference, helping provide care and support for animals when they need it most.”
When natural disasters strike, Relief for Rescues provides funds directly to impacted shelters and rescues, as well as organizations offering boots-on-the-ground assistance, covering all aspects of recovery: food, supplies, veterinary care, transport and repairs. In 2025 alone, MuttNation Foundation deployed hundreds of thousands of dollars from the Fund to assist with recovery from multiple disasters, including the California wildfires in January and the Texas Hill Country floods in July.
“Animals are some of the most vulnerable victims of natural disasters, and after seeing the devastation of events like the Texas floods, I’m more committed than ever to making sure Relief for Rescues is there for every shelter that needs us," said Lambert.
The three-time GRAMMY Award-winning superstar partnered with Tractor Supply to create the Relief for Rescues Fund after witnessing the lack of resources available to animal shelters after catastrophic events. Together, they launched an in-store and online Tractor Supply fundraiser, using the initial money raised to create a dedicated fund.
Tractor Supply and MuttNation Foundation have collaborated since 2019 and together support MuttNation’s annual Mutts Across America program, providing grants to animal shelters nationwide. Tractor Supply is also the exclusive home for MuttNation pet products. A percentage of all MuttNation sales goes to the MuttNation Foundation to further support its mission to promote and facilitate adoption of shelter pets.
Little Red Wagon Pet Supply Drive
As part of its support of Miranda Lambert and the Music City Rodeo, Tractor Supply hosted a "Help Us Fill the Little Red Wagon" pet supply drive to benefit shelter animals in the Nashville community.
Held on May 28 at the Tractor Supply tent outside Bridgestone Arena, the activation encouraged rodeo fans to donate pet food, toys, treats and other pet care essentials for local shelter pets. To thank participants, the first 100 donors received a Tractor Supply gift card.
Donated supplies were collected during the event and donated to Metro Animal Care and Control in Nashville, helping provide needed resources for animals awaiting adoption. The activation reflected Tractor Supply's ongoing commitment to supporting animal welfare and caring for pets in the communities it calls home.
MuttNation Foundation, a 501(c)(3) nonprofit, was founded by Lambert and her mother, Bev, in 2009, with a mission to promote the adoption of shelter pets, spay and neuter and to provide assistance to shelters during times of natural disaster.
To learn more, visit TractorSupply.com/MuttNation.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 290 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, Allivet, a leading online pet and animal pharmacy, and VIP Petcare, the largest provider of mobile veterinary care in the United States, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
About MuttNation Foundation
Founded in 2009 by Miranda Lambert and her mother, Bev Lambert, MuttNation Foundation is a 501(c)(3) donation-supported nonprofit that has raised over $13 million in support of shelter pet adoption, spay and neuter, and educating the public about both. The Foundation also provides financial assistance to shelters and rescues recovering from natural disasters. MuttNation Fueled by Miranda Lambert, a pet toy and supply line sold exclusively at Tractor Supply Company stores throughout the US, benefits the Foundation directly. Learn more at www.muttnation.com.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, announced today that its customers have contributed more than $547,000 to help provide a critical lifeline to animal shelters and rescues impacted by natural disasters through the Relief for Rescues Fund.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260617176184/en/
Tractor Supply Customers Show their Passion for Shelter Pets during "Relief for Rescues" Fundraiser
From May 26 to June 7, Tractor Supply customers donated to the Relief for Rescues Fund at checkout, either in store or at TractorSupply.com. Tractor Supply and Miranda Lambert’s MuttNation Foundation established the Relief for Rescues Fund in 2023. Since then, more than $1.6 million has been allocated to over 166 shelters and rescues in the wake of hurricanes, floods, wildfires, tornadoes and other devastating events.
“Anyone who knows our customers realizes pretty quick that their pets are truly part of the family,” said Kimberley Gardiner, Tractor Supply’s chief marketing officer. “That’s why this partnership with Miranda and MuttNation resonates so strongly. When disasters strike, shelters and rescue organizations often face overwhelming challenges, and our customers never hesitate to lend a hand. Their generosity continues to make a meaningful difference, helping provide care and support for animals when they need it most.”
When natural disasters strike, Relief for Rescues provides funds directly to impacted shelters and rescues, as well as organizations offering boots-on-the-ground assistance, covering all aspects of recovery: food, supplies, veterinary care, transport and repairs. In 2025 alone, MuttNation Foundation deployed hundreds of thousands of dollars from the Fund to assist with recovery from multiple disasters, including the California wildfires in January and the Texas Hill Country floods in July.
“Animals are some of the most vulnerable victims of natural disasters, and after seeing the devastation of events like the Texas floods, I’m more committed than ever to making sure Relief for Rescues is there for every shelter that needs us," said Lambert.
The three-time GRAMMY Award-winning superstar partnered with Tractor Supply to create the Relief for Rescues Fund after witnessing the lack of resources available to animal shelters after catastrophic events. Together, they launched an in-store and online Tractor Supply fundraiser, using the initial money raised to create a dedicated fund.
Tractor Supply and MuttNation Foundation have collaborated since 2019 and together support MuttNation’s annual Mutts Across America program, providing grants to animal shelters nationwide. Tractor Supply is also the exclusive home for MuttNation pet products. A percentage of all MuttNation sales goes to the MuttNation Foundation to further support its mission to promote and facilitate adoption of shelter pets.
Little Red Wagon Pet Supply Drive
As part of its support of Miranda Lambert and the Music City Rodeo, Tractor Supply hosted a "Help Us Fill the Little Red Wagon" pet supply drive to benefit shelter animals in the Nashville community.
Held on May 28 at the Tractor Supply tent outside Bridgestone Arena, the activation encouraged rodeo fans to donate pet food, toys, treats and other pet care essentials for local shelter pets. To thank participants, the first 100 donors received a Tractor Supply gift card.
Donated supplies were collected during the event and donated to Metro Animal Care and Control in Nashville, helping provide needed resources for animals awaiting adoption. The activation reflected Tractor Supply's ongoing commitment to supporting animal welfare and caring for pets in the communities it calls home.
MuttNation Foundation, a 501(c)(3) nonprofit, was founded by Lambert and her mother, Bev, in 2009, with a mission to promote the adoption of shelter pets, spay and neuter and to provide assistance to shelters during times of natural disaster.
To learn more, visit TractorSupply.com/MuttNation.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 290 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, Allivet, a leading online pet and animal pharmacy, and VIP Petcare, the largest provider of mobile veterinary care in the United States, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
About MuttNation Foundation
Founded in 2009 by Miranda Lambert and her mother, Bev Lambert, MuttNation Foundation is a 501(c)(3) donation-supported nonprofit that has raised over $13 million in support of shelter pet adoption, spay and neuter, and educating the public about both. The Foundation also provides financial assistance to shelters and rescues recovering from natural disasters. MuttNation Fueled by Miranda Lambert, a pet toy and supply line sold exclusively at Tractor Supply Company stores throughout the US, benefits the Foundation directly. Learn more at www.muttnation.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260617176184/en/
Even as the S&P 500 has risen 20% over the past year and sits near an all-time high, many of my favorite consumer goods stocks haven't joined in on this run. In fact, three of them look like incredible buying opportunities thanks to their once-in-a-decade low valuations. While tech, AI-adjacent, and semiconductor stocks continue to propel the market to new highs, many steady-Eddie consumer goods stocks have been left behind but deserve a long look from investors today.
Here's the case for buying each of these top-tier operators while they are available at rarely seen valuations.
Image source: The Motley Fool.
1. Chewy: 58% below 52-week high Leading e-commerce pet goods juggernaut Chewy (CHWY +2.88%) has had a tumultuous run as a publicly traded company since its 2019 debut. Currently, its stock is 14% below its initial public offering (IPO) price and 58% below its 52-week high, which might prompt investors to think Chewy's a busted business.
But that notion couldn't be further from the truth. Over the last seven years, Chewy's sales have nearly quadrupled. It has reached profitability (alongside strong free-cash-flow generation) and expanded into numerous, higher-margin pet categories.
Most importantly for investors, the core of Chewy's operations -- its Autoship offering (repeat, scheduled purchases of necessary items like pet food) -- remains robust, accounting for 84% of the company's sales. The steady, predictable nature of Autoship's sales provides Chewy with ample cash flows to explore new areas such as private-label goods, Chewy Vet Clinics (CVCs), advertising, health and wellness, and even an expansion into Canada.
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I believe Chewy is poised to begin reaping the rewards of its investments in high-margin areas, particularly through its CVCs. Following the company's acquisition of fellow vet clinic Modern Animal, Chewy expects to have roughly 60 CVCs open in 2026. These CVCs are important to the Chewy investment thesis because 40% of their new customers weren't previously in the Chewy ecosystem. Furthermore, these new customers spend roughly $900 in their first year with Chewy -- well above the company's average of $600 for its current customer base.
Trading near an all-time low price-to-sales ratio of 0.6 and with an adjusted forward price-to-earnings ratio of 12.5, Chewy with its rising margins and high single-digit sales growth looks deeply undervalued.
2. Sprouts Farmers Market: 50% below 52-week high Health food-focused grocer Sprouts Farmers Market (SFM 2.03%) has also seen its share price roughed up lately, dropping 50% below its 52-week high. However, this decline probably had more to do with its valuation getting stretched too far than anything going wrong with the actual business.
Despite the challenging consumer environment and Sprouts' slight premium pricing for its differentiated groceries, sales rose 4% in its latest quarter, while same-store sales (SSS) only dipped 2%. While no SSS decline is great, I don't think it is outrageous considering the circumstances, and Sprouts' deeply discounted valuation at just 15.6 times forward earnings more than accounts for these challenges.
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Sprouts shifted to a smaller store format in the early 2020s and has become a true growth story ever since thanks to its rising margins and improved new-store economics. Sprouts plans to continue growing its store count by more than 10% annually as it expands beyond its current 483 stores in 25 states. Over the long term, management hopes to triple its store count -- and I don't believe that is unrealistic as consumers continue to shift toward healthier eating options, especially among soaring GLP-1 use.
If Sprouts can deliver anywhere near that level of store-count expansion -- while launching a new loyalty program and growing its private-label offerings -- the company could be a top-tier growth stock at today's valuation.
3. Tractor Supply Company: 51% below 52-week high Much like Sprouts Farmers Market, leading rural lifestyle retailer Tractor Supply Company (TSCO 0.03%) has seen its sales growth slow to 4%, and its stock has been absolutely pummeled as a result. Down 51% from its 52-week high -- and trading at a mere 15 times earnings -- Tractor Supply is being treated as though it is going out of business rather than the niche-leading behemoth that it is.
TSCO PE Ratio data by YCharts.
The company has 2,435 stores. Management's long-term goal of 3,200 doesn't offer a massive growth opportunity like Sprouts, but Tractor Supply should benefit from the ongoing shift toward rural migration in the U.S. Furthermore, the company's Neighbor's Club rewards program is home to over 38 million members, which account for roughly 80% of Tractor Supply's sales, highlighting how entrenched members are into their ecosystem.
Additionally, since Tractor Supply's operations are rural focused, it generates the bulk of its sales from consumable, usable, and edible products, such as livestock feed, pet food, and essential farm supplies. These repeat purchases make the company's Neighbor's Club a no-brainer in most cases.
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Best yet for prospective Tractor Supply investors, the company's 3.1% dividend yield is at its highest-ever level, and the dividend has been raised for 16 straight years. Despite this, the dividend uses only 46% of Tractor Supply's net income, so it is still incredibly well funded. Thanks to Tractor Supply's growing dividend, its massive loyal member base, its once-in-a-decade low valuation, and rural migration trends in the U.S., the company makes for an excellent steady-Eddie dividend growth stock to buy and hold for a decade.
Tractor Supply Celebrates Father's Day With Practical, Project-Ready Gifts, Exclusive Deals and a Free In-Store Family Event Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has launched its 2026 Father’s Day top recommendations, proving once again why it is the premier gifting destination for dads. Designed to take the guesswork out of shopping, the offerings focus on practical, useful items that celebrate Life Out Here. Now through June 21, customers can enjoy huge savings on items in grilling, outdoor living, tools, apparel, wildlife gear and big-ticket seasonal items.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260611967228/en/
All Tractor Supply locations nationwide will host a Father’s Day craft activity on Saturday, June 13, from 10:00 a.m. to 2:00 p.m.
To help shoppers find the perfect match for every dad, Tractor Supply has launched an interactive Father’s Day Gift Guide organized by category, brand and budget-friendly price points (under $10, $20, $50, $100 and $200).
"At Tractor Supply, Father’s Day is about celebrating the dads who are always building, fixing, grilling, exploring the outdoors and passing along what they know to the next generation," said Randall Dodds, Senior Vice President, General Merchandising Manager at Tractor Supply. "We’ve tailored this year's event to focus on high-quality, long-lasting gear at value price-points. Whether it's a brand-new SKIL power tool kit, a rugged Field & Stream hunting blind or a free, fun store activity for the kids, Tractor Supply is the ultimate destination for families celebrating dad this year."
Free In-Store Kids' Craft Event June 13
As part of the celebration, all Tractor Supply locations nationwide will host a Father’s Day craft activity on Saturday, June 13, from 10:00 a.m. to 2:00 p.m. Families are invited to visit their local store to decorate a custom tackle box for dad. The activity is free and open to the public while supplies last.
Top Brands, Exclusive Launches, Practical Favorites and Massive Savings
This year, Tractor Supply is expanding its lineup with the official launch of SKIL power tools, alongside trusted seasonal favorites. Customers will also find exciting, exclusive items for a limited time and top-tier promotional savings, including:
Grilling & Outdoor: Take $100 off the exclusive Blackstone Patriotic Griddle Bundle. And for high-performance power grab the Even Embers Tactical Propane Torch for under $100. Outdoor Adventure: Save up to $100 on select kayaks and boats, including the Field & Stream Pompano Sit-On Fishing Kayak. Truck Accessories: Take 15% off select Aluminum Truck Boxes. For shoppers seeking high-quality gifts that are easy on the wallet, Tractor Supply’s gift guide features a wide selection of budget-friendly essentials under $50. Practical everyday carry items like the JobSmart 650-Lumen Rechargeable Flashlight keep dad prepared for any late-night project, while the Carhartt Men's Iconic K87 Heavyweight Pocket T-Shirt offers rugged durability for a hard day's work. Outdoor-loving dads can get ready for the water with a Mystery Tackle Box Panfish & Trout Regular Kit, and the iconic YETI Rambler 30 oz. Tumbler ensures his coffee stays piping hot on the morning drive or ice-cold by the afternoon grill.
Moving up the budget scale, the guide highlights versatile mid-tier gifts under $100 designed for premium comfort and outdoor recreation. The Ariat Men's Rebar Lightweight Logo Hoodie provides the perfect tough layer for unpredictable weather, while the unique Even Embers Tactical Propane Torch adds a powerful and practical tool to his outdoor property maintenance toolkit. Dads can also head out to the lake or the field fully equipped with comfortable Field & Stream Men's Deck Rubber Low Waterproof Boots or the highly portable Flying Fisherman 7 ft. Passport Travel Spinning Rod.
For families looking to invest in a top-tier gift for dad, Tractor Supply offers reliable, big-ticket investments over $200 that double as long-term additions to the homestead. Power tool upgrades like the DEWALT Cordless 20V Max Brushless Drill Impact Combo Kit make quick work of weekend builds and DIY repairs, while the Field & Stream 40 Long Gun Electronic Gun Safe provides premier, heavy-duty security for his gear. To tackle seasonal property upkeep and larger lawns, premium outdoor power equipment like the Cub Cadet Z2 42 in. Zero Turn Mower delivers professional-grade efficiency straight to dad's yard.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 290 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, Allivet, a leading online pet and animal pharmacy, and VIP Petcare, the largest provider of mobile veterinary care in the United States, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260611967228/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Key Takeaways Tractor Supply is betting on rural lifestyle demand to drive long-term growth and market share gains.TSCO's first-quarter sales rose 3.6% to $3.59B, helped by record store openings and 0.5% comps.Tractor Supply is localizing stores, growing Neighbor's Club and expanding Final Mile delivery. Tractor Supply Company (TSCO - Free Report) continues to lean into the growing rural lifestyle trend, positioning itself as a key destination for farm, ranch, pet and outdoor living needs. Despite a cautious consumer environment, the company remains confident that its "Life Out Here" strategy can drive long-term growth through market-share gains, store expansion and customer engagement initiatives.
In the first quarter of 2026, net sales increased 3.6% year over year to $3.59 billion, driven primarily by store openings. The company opened a record 40 stores in the first quarter and reported comparable-store sales growth of 0.5%. Management noted that spending remains focused on essentials, with consumers showing signs of trip consolidation and reduced shopping frequency. Even so, Tractor Supply believes that its need-based business model remains resilient.
The company is also investing aggressively in strategic initiatives tied to rural lifestyle demand. These include store localization, the expansion of its Neighbor's Club loyalty program, growth in direct sales and scaling of its Final Mile delivery network. More than 200 stores have now been localized to better reflect regional customer preferences, while digital sales continued to post strong double-digit growth.
However, challenges remain. The companion animal category, particularly dog-related products, continues to face industrywide headwinds due to declining dog ownership and shifting consumer preferences toward premium and fresh pet nutrition. Management is responding by expanding fresh pet offerings, increasing cat-related assortments and enhancing pet services.
With strong performance in livestock feed, seasonal categories and big-ticket products, Tractor Supply appears well-positioned to benefit from enduring rural lifestyle trends, provided it successfully navigates the evolving pet category dynamics and macroeconomic uncertainty.
The Zacks Rundown for TSCOTractor Supply’s shares have lost 33.8% in the past six months compared with the industry’s decline of 13.3%. The company currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
From a valuation standpoint, TSCO trades at a forward price-to-earnings ratio of 13.97X, lower than the industry’s average of 14.45X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Tractor Supply’s current and next fiscal-year earnings implies year-over-year rallies of 3.9% and 9.9%, respectively.
Stocks to ConsiderSome better-ranked stocks have been discussed below:
Tapestry Inc. (TPR - Free Report) is the designer and marketer of fine accessories and gifts for women and men in the United States and internationally. At present, WOOF sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for TPR’s current fiscal-year sales and earnings indicates growth of 13.8% and 36.3%, respectively, from the year-ago reported figures. Tapestry delivered a trailing four-quarter earnings surprise of 15.6%, on average.
Five Below, Inc. (FIVE - Free Report) operates as a specialty value retailer in the United States. Five Below currently carries a Zacks Rank of 2 (Buy).
The Zacks Consensus Estimate for FIVE’s current fiscal-year sales and earnings implies growth of 14.3% and 30.4%, respectively, from the year-ago reported figures. FIVE delivered a trailing four-quarter earnings surprise of 70.1%, on average.
Tilly's Inc. (TLYS - Free Report) is a specialty retailer in the action sports industry, selling clothing, shoes and accessories. At present, TPR has a Zacks Rank of 2.
The Zacks Consensus Estimate for TLYS’s current fiscal-year sales and earnings implies growth of 4.6% and 93.1%, respectively, from the year-ago reported figures. TLYS has delivered a trailing four-quarter earnings surprise of 155.3%, on average.
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the “Company”), today announced that its Board of Directors declared a quarterly cash dividend of $0.24 per share of the Company’s common stock.
The dividend will be paid on June 9, 2026, to stockholders of record of the Company’s common stock as of the close of business on May 27, 2026.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 296 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, and Allivet, a leading online pet and animal pharmacy, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
On May 18, 2026, Tractor Supply Co TSCO shares rose 3.8% to a current price of $31.72. Despite this uptick, TSCO has experienced significant volatility over the past year, with a 52-week range spanning from a low of $29.42 to a high of $63.99.
GF Value™ verdict: The current price is $31.72, compared to a GF Value™ of $56.28, indicating the stock is 43.6% undervalued.GF Score™: TSCO has a GF Score™ of 83/100, categorizing it as a strong investment opportunity.Most notable signal: There have been no insider transactions in the last 3 months, which may suggest a lack of confidence from insiders in the current valuation. Is TSCO Overvalued or Undervalued? Tractor Supply Co TSCO appears to be significantly undervalued according to the GF Value™ model, which estimates the intrinsic value of the stock at $56.28. This valuation suggests a substantial margin of safety of 43.6% compared to the current trading price of $31.72. The GF Valuation label indicates that TSCO is undervalued, presenting a potential investment opportunity for those looking for solid companies with favorable long-term prospects.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Despite the current undervaluation, it is essential to consider market conditions and the company's performance metrics, as fluctuations in the stock price can occur due to broader economic factors.
How Does TSCO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 15.6x 24.9x Forward P/E 14.9x - Currently, TSCO's P/E ratio of 15.6x is significantly below its 5-year median P/E of 24.9x, reflecting a discount of 38%. This analysis aligns with the GF Value™ verdict, indicating that the stock is undervalued relative to its historical valuation metrics.
What Does TSCO's GF Score™ Tell Us? Metric Rating GF Score™ 83/100 Financial Strength 6/10 Profitability 9/10 Growth 10/10 Valuation 4/10 Momentum 2/10 The GF Score™ of 83/100 reflects a strong overall financial position for TSCO, particularly in profitability and growth, where it scored 9/10 and 10/10, respectively. However, the valuation score of 4/10 indicates that the stock may not be priced in line with its fundamental strengths. Additionally, the momentum rank of 2/10 suggests that TSCO has faced challenges in recent market performance, which may be a concern for short-term investors.
What Are Insiders Doing with TSCO Stock? In the last three months, there have been no insider transactions reported for Tractor Supply Co TSCO . This lack of activity from insiders may suggest that they are not taking advantage of the current pricing, which could indicate either a wait-and-see approach or a belief that the stock's value will not increase in the short term.
What This Means for Investors Based on the GF Value™ assessment, Tractor Supply Co TSCO is currently undervalued at a price of $31.72 compared to a GF Value™ of $56.28. This suggests potential upside for investors, though it is crucial to consider market dynamics and company performance before making investment decisions.
For the complete analysis, visit the Tractor Supply Co TSCO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is TSCO's GF Score™?
TSCO's GF Score™ is 83/100, indicating a strong position in terms of potential long-term returns based on key financial metrics.
Is TSCO overvalued or undervalued?
TSCO is currently undervalued, with a GF Value™ of $56.28 compared to its current price of $31.72, suggesting significant upside potential.
What is TSCO's P/E ratio?
TSCO's P/E (TTM) is 15.6x, which is 38% below its 5-year median P/E of 24.9x, further supporting the conclusion that the stock is undervalued.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Initial inventory of more than 1,000 units in stock, with orders scheduled for pickup, supporting Massimo's expected 2026 revenue growth strategy and continued national retail expansion
, /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company"), a manufacturer and distributor of powersports vehicles, utility vehicles, and outdoor mobility products, today announced that it has commenced revenue-generating fulfillment activities for its newly authorized in-store SKU program with Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States.
Massimo Motor GKS200 Retail Program The milestone follows the Company's previously announced authorization for a significant national rollout of a core utility-focused product across Tractor Supply's retail network. With initial inventory of more than 1,000 units now in stock and orders scheduled for pickup, Massimo has advanced from retail authorization into active fulfillment and revenue execution.
Management believes the program has the potential to become an important revenue contributor through the remainder of 2026 as fulfillment volumes, retail sell-through activity, and potential replenishment orders scale. The Company believes this transition from authorization to fulfillment validates Massimo's national retail growth strategy and its ability to convert large-scale retail opportunities into commercial execution.
"This is more than a retail authorization milestone — this is the beginning of revenue execution," said Quenton Petersen, Chief Executive Officer of Massimo Group. "A few months ago, we announced a significant retail opportunity. Today, we have inventory in stock, orders scheduled for pickup, and products beginning to move into the retail channel. We believe this demonstrates to our shareholders that Massimo is not simply announcing growth initiatives — we are executing against them."
Petersen continued, "Tractor Supply is one of the most important retail platforms serving rural lifestyle customers in the United States. We believe our products align strongly with that customer base, and we are proud to support this program with inventory readiness, fulfillment capability, operational execution, and a continued focus on quality and value."
Massimo believes the commencement of fulfillment activities represents another step in its broader 2026 growth strategy, which includes expanding national retail distribution, strengthening inventory availability, supporting sell-through performance, and building opportunities for future replenishment orders, subject to retail performance and mutual agreement.
The Company remains focused on disciplined execution across its retail channel, including fulfillment reliability, product availability, customer support, and continued collaboration with leading national retail partners. Massimo believes this program provides a scalable foundation for meaningful revenue contribution and long-term shareholder value creation.
About Massimo Group
Massimo Group is a manufacturer and distributor of powersports products and outdoor utility vehicles. Headquartered in Texas, the Company offers a full lineup of UTVs, ATVs, mini bikes, outdoor recreational products, and utility-focused mobility platforms designed for work, recreation, and lifestyle applications. Massimo is focused on combining operational scale, retail distribution expansion, and product innovation to support long-term growth opportunities across its core markets.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo Group. All statements other than statements of historical facts contained in this press release, including statements regarding expected fulfillment activity, anticipated sell-through performance, potential replenishment orders, future revenue contribution, retail expansion, operational execution, inventory availability, and long-term shareholder value creation, are forward-looking statements.
In some cases, forward-looking statements can be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," or similar expressions, and the negatives of those terms.
These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, retail sell-through performance; customer demand; inventory availability; production, shipping or logistics delays; macroeconomic conditions; inflationary pressures; supply chain constraints; competitive pressures; regulatory developments; retail partner performance; and other risks and uncertainties described in filings made by Massimo Group with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and Current Reports on Form 8-K.
Forward-looking statements speak only as of the date they are made. No assurance can be given regarding forward-looking statements, and actual results may differ materially from those indicated. Massimo Group undertakes no obligation to update these statements except as required by law.
Investor Relations Contact
Massimo Group
Investor Relations
[email protected]
4928-2544-8877\2
It has been about a month since the last earnings report for Tractor Supply (TSCO - Free Report) . Shares have lost about 18.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Tractor Supply due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Tractor Supply's Q1 Earnings Miss, Higher Comparable Sales AidTractor Supply reported first-quarter 2026 results, wherein the bottom and top lines missed the Zacks Consensus Estimate. While net sales increased from the year-ago period, earnings declined. It posted earnings of 31 cents per share, which lagged the Zacks Consensus Estimate of 34 cents. The bottom line dipped 7.2% from the figure reported in the prior-year quarter.
Net sales grew 3.6% year over year to $3.59 billion but came below the Zacks Consensus Estimate of $3.64 billion. The rise in sales can be attributed to store openings and, to a lesser extent, higher comparable store sales (comps). Comps edged up 0.5% year over year compared with the 0.9% drop registered in the prior-year’s first quarter. The improvement reflects a 1.6% rise in comparable average ticket, partly offset by a 1% dip in the comparable average transaction count.
Four out of the five product categories posted positive comps in the reported quarter, complemented by strength in big-ticket items. Companion animal performance was below the company’s average, indicating weak demand trends, category shifts and an unfavorable product mix. The company reported solid double-digit growth in digital sales.
Tractor Supply’s Costs & MarginsGross profit rose 3.6% year over year to $1.30 billion. The gross margin remained flat year over year at 36.2%, as effective product cost management and solid execution of an everyday low-price strategy were mitigated by elevated tariffs and delivery-related transportation costs. Our model predicted gross profit to increase 8.5% and the gross margin to expand 70 basis points (bps) to 35.9%.
Selling, general and administrative (SG&A) expenses, including depreciation and amortization, rose 6.1% to $1.07 billion from $1.01 billion in the first quarter of 2025. As a percentage of net sales, SG&A increased 70 bps to 29.7% from 29% in the year-ago quarter. This increase was owing to deleveraged fixed costs based on comps performance and an accelerated new store opening cadence, somewhat offset by a focus on productivity and cost control. Our model predicted SG&A expenses to increase 7.4% and, as a percentage of sales, this metric was anticipated to expand 50 bps to 26.1%.
Operating income for the quarter fell 6.3% year over year to $233.4 million. Meanwhile, the operating margin contracted 70 bps to 6.5%. We estimated operating income to drop 6.1% and the operating margin to fall 40 bps 6.8%.
TSCO’s Financial PositionTractor Supply ended the quarter with cash and cash equivalents of $224.3 million, long-term debt of $2.13 billion and total stockholders’ equity of $2.51 billion. In first-quarter 2026, net cash provided by operating activities was $91.1 million. In the same period, the company incurred capital expenditures of $202.6 million.
During first-quarter 2026, Tractor Supply returned $244.4 million to shareholders. This included the repurchase of 2.3 million shares of its common stock for $118 million and the payment of $244.4 million in quarterly cash dividends.
In the reported quarter, the company continued to expand its footprint by opening 40 Tractor Supply outlets, while closing one Petsense by Tractor Supply store.
Sneak Peek Into TSCO’s OutlookManagement reiterated guidance for 2026. The company still expects net sales growth of 4-6% and comps growth of 1-3%.
For 2026, the operating margin rate is projected between 9.3% and 9.6%. Net income is expected to be between $1.11 billion and $1.17 billion, with earnings per share anticipated to be $2.13-$2.23.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.
VGM ScoresAt this time, Tractor Supply has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a grade of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Tractor Supply has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Tractor Supply Company is rated a 'Buy' after a 36% YTD decline, with shares now trading 21% below intrinsic value. Pet segment weakness, driven by declining dog ownership and Tractor Supply product mix, is a headwind but not a long-term structural risk. TSCO's 75% non-pet sales, expanding store footprint, exclusive brands, and robust loyalty program underpin resilient growth and margin strength.
Rural lifestyle retailer commemorates Military Appreciation Month with special Neighbor’s Club rewards for Hometown Heroes in May and summer savings through Memorial Day
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, is honoring America’s heroes all month long with special offers for Neighbor’s Club Hometown Heroes members and savings through Memorial Day.
May is recognized as Military Appreciation Month, as it includes Military Spouse Appreciation Day and Victory in Europe (VE) Day on the 8th, Armed Forces Day on the 16th and Memorial Day on the 25th. Tractor Supply is commemorating the observance by offering $5 in rewards to any military servicemember, veteran or first responder who verifies their Hometown Hero status with ID.me in May until May 31.
Additional Military Appreciation Month offers include a $5 reward for Hometown Heroes who spend $75 or more during any Thursday in May, and $5 in rewards for Hometown Heroes who spend $50 or more on Dumor or Retriever products all month long.
“During Military Appreciation Month, we believe it is vital to pause and recognize the Hometown Heroes who live and work alongside us,” said Colin Yankee, Executive Vice President, Chief Supply Chain Officer at Tractor Supply and former U.S. Army Captain. “We created the Hometown Heroes initiative to support our ongoing commitment to give back to those who serve. We hope to welcome many more veterans and military servicemembers to the program this month so we can in turn express our gratitude during every store visit.”
Tractor Supply has long supported military servicemembers, veterans and first responders through charitable giving, semiannual discounts, designated parking spots at stores and through the Company’s support of Team Members who are veterans. The Company and its Foundation launched Hometown Heroes in 2024 to bring this longstanding support for the selfless men and women who serve America under one banner.
Since its inception, the Tractor Supply Foundation has consistently introduced meaningful ways to demonstrate appreciation for our Hometown Heroes, including hands-on volunteer events and contributing more than $3 million through the Hometown Heroes initiative to organizations including Folds of Honor, K9s For Warriors, Farmer Veteran Coalition and Operation Homefront, among others.
The Neighbor’s Club Hometown Heroes benefit is another way Tractor Supply honors its commitment to community values and gratitude for service. The program is free to join and offers benefits every day. These include:
Top Tier Loyalty Status with 2% back every day Quarterly 5% off coupon 10% off on select Honoring Heroes Days which include: July 3 & 4 First Responders Day (October 28) Tractor Supply’s National Hometown Heroes Day (November 7) Veterans Day (November 11) To learn more about Neighbor’s Club Hometown Hero benefits, visit tractorsupply.com/neighborsclub.
While Memorial Day serves as a time to remember those who gave their lives for our country, it is also recognized as a day for families, friends and loved ones to gather in celebration of our great nation. Tractor Supply’s Memorial Day sale provides savings on everything necessary for summer gatherings, including grills and griddles, patriotic décor, apparel, summer toys and games, UTVs, kayaks and more. Tractor Supply stores will be open on Memorial Day from 8 a.m.-6 p.m. Find the full list of Memorial Day deals here.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 296 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, and Allivet, a leading online pet and animal pharmacy, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, is honoring America’s heroes all month long with special offers for Neighbor’s Club Hometown Heroes members and savings through Memorial Day.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260521191437/en/
Tractor Supply Honors America's Heroes All Month Long
May is recognized as Military Appreciation Month, as it includes Military Spouse Appreciation Day and Victory in Europe (VE) Day on the 8th, Armed Forces Day on the 16th and Memorial Day on the 25th. Tractor Supply is commemorating the observance by offering $5 in rewards to any military servicemember, veteran or first responder who verifies their Hometown Hero status with ID.me in May until May 31.
Additional Military Appreciation Month offers include a $5 reward for Hometown Heroes who spend $75 or more during any Thursday in May, and $5 in rewards for Hometown Heroes who spend $50 or more on Dumor or Retriever products all month long.
“During Military Appreciation Month, we believe it is vital to pause and recognize the Hometown Heroes who live and work alongside us,” said Colin Yankee, Executive Vice President, Chief Supply Chain Officer at Tractor Supply and former U.S. Army Captain. “We created the Hometown Heroes initiative to support our ongoing commitment to give back to those who serve. We hope to welcome many more veterans and military servicemembers to the program this month so we can in turn express our gratitude during every store visit.”
Tractor Supply has long supported military servicemembers, veterans and first responders through charitable giving, semiannual discounts, designated parking spots at stores and through the Company’s support of Team Members who are veterans. The Company and its Foundation launched Hometown Heroes in 2024 to bring this longstanding support for the selfless men and women who serve America under one banner.
Since its inception, the Tractor Supply Foundation has consistently introduced meaningful ways to demonstrate appreciation for our Hometown Heroes, including hands-on volunteer events and contributing more than $3 million through the Hometown Heroes initiative to organizations including Folds of Honor, K9s For Warriors, Farmer Veteran Coalition and Operation Homefront, among others.
The Neighbor’s Club Hometown Heroes benefit is another way Tractor Supply honors its commitment to community values and gratitude for service. The program is free to join and offers benefits every day. These include:
Top Tier Loyalty Status with 2% back every day Quarterly 5% off coupon 10% off on select Honoring Heroes Days which include: July 3 & 4 First Responders Day (October 28) Tractor Supply’s National Hometown Heroes Day (November 7) Veterans Day (November 11) To learn more about Neighbor’s Club Hometown Hero benefits, visit tractorsupply.com/neighborsclub.
While Memorial Day serves as a time to remember those who gave their lives for our country, it is also recognized as a day for families, friends and loved ones to gather in celebration of our great nation. Tractor Supply’s Memorial Day sale provides savings on everything necessary for summer gatherings, including grills and griddles, patriotic décor, apparel, summer toys and games, UTVs, kayaks and more. Tractor Supply stores will be open on Memorial Day from 8 a.m.-6 p.m. Find the full list of Memorial Day deals here.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 296 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, and Allivet, a leading online pet and animal pharmacy, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260521191437/en/
If you're not seeking dividend-paying stocks for your portfolio, you should consider doing so. Here's why:
Dividend-Paying Status
Average Annual Total Return, 1973-2025
Dividend growers and initiators
10.22%
Dividend payers
9.20%
No change in dividend policy
6.87%
Dividend non-payers
4.21%
Dividend shrinkers and eliminators
(0.96%)
Equal-weighted S&P 500 index
7.74%
Data source: Ned Davis Research and Hartford Funds.
See? Unbeknownst to many investors, dividend-paying stocks can be great wealth builders in your long-term portfolio. And here's one you might want to take a look at: Tractor Supply (TSCO +0.31%). The stock recently sported a dividend yield of 3% -- and, when you factor in the value of share buybacks, the total yield for shareholders was recently a hefty 5.2%. Better still, the company has been hiking its payout for 17 years in a row.
Image source: Getty Images.
Meet Tractor Supply Founded way back in 1938, Tractor Supply is focused on serving recreational farmers, ranchers, homeowners, gardeners, and pet owners, among others. It's the largest rural lifestyle retailer in the U.S., with 2,435 Tractor Supply stores in 49 states. It also encompasses more than 200 Petsense by Tractor Supply stores in 23 states, as well as Allivet, an online animal pharmacy.
Should you invest in Tractor Supply? The stock was a bit of a market darling for many years, but it has struggled lately. Its recently reported first quarter featured overall revenue up just 3.6% year over year, with earnings per share dipping 9%. Part of the problem has been weakness in its "companion animal product" category -- which includes pet foods and generates around a quarter of the company's overall revenue. The company is addressing its issues, in part by beefing up its fresh and frozen pet food offerings.
CEO Hal Lawton summarized the quarter:
We delivered solid performance across the majority of our business in the first quarter, supported by our needs-based model and ongoing customer engagement. We continued to gain market share in farm and ranch and had strong double-digit growth in digital sales. Performance was positive across four of our five product categories. While companion animal trailed the Company average, we are taking decisive actions to improve its performance. ... We remain confident in our outlook and our ability to drive continued market share gains as our customers remain engaged. The underlying health of Tractor Supply remains strong, supported by a loyal customer base, a differentiated business model and consistent execution.
Today's Change
(
0.31
%) $
0.10
Current Price
$
30.86
Some research supports that view. For example, a 2026 report from Axiom Marketing found that gardening time and spending hit multi-year highs in 2025, with expectations for higher numbers in 2026.
It's true that Tractor Supply isn't performing as well as it might right now, but it's a sturdy and growing business with devoted customers, and plans to grow its revenue and earnings faster. (It's projecting revenue growth of 4% to 6% for 2026, for example.) The stock's recent forward-looking price-to-earnings (P/E) ratio of 15 is well below its five-year average of 22, suggesting that it's undervalued -- which is not surprising, given its drop of roughly 40% over the past three months.
Tractor Supply's solid dividend will reward patient believers while they wait for rosier results.
On May 26, 2026, Tractor Supply Co TSCO shares fell 5.8% to a current price of $29.80. The stock has seen significant volatility, with a 52-week range of $29.42 to $63.99, reflecting a substantial decline over the past year.
GF Value™ verdict: Current price is $29.80, which is 47.1% below the GF Value™ estimate of $56.35.GF Score™: 83/100, indicating a strong overall assessment.Most notable signal: Financial Strength is rated 6/10, suggesting moderate stability. Is TSCO Overvalued or Undervalued? With a GF Value™ of $56.35, Tractor Supply Co TSCO is currently trading at a significant discount, with a margin of safety of 47.1%. This valuation suggests that the stock is undervalued based on its intrinsic assessment. The GF Valuation label indicates that TSCO is significantly undervalued, presenting an opportunity for potential buyers. However, it is essential to approach this assessment cautiously, as such a discrepancy between market price and intrinsic value can also signal underlying issues affecting the company's performance.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the considerable gap between the current trading price and the GF Value™, there may be a strong case for investors seeking value, but it is necessary to consider the broader market context and potential risks involved.
How Does TSCO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 14.6x 24.9x (5-Year Median) Forward P/E 14.0x N/A Tractor Supply Co's current P/E ratio of 14.6x is significantly below its 5-year median P/E of 24.9x, reinforcing the perception that the stock is trading at a discount relative to its historical valuation. This P/E analysis aligns with the GF Value™ verdict, suggesting that TSCO is undervalued based on its earnings potential.
What Does TSCO's GF Score™ Tell Us? Metric Rating GF Score™ 83/100 Financial Strength 6/10 Profitability 9/10 Growth 10/10 Valuation 4/10 Momentum 2/10 The GF Score™ of 83/100 indicates a strong overall assessment of Tractor Supply Co, with particularly high ratings in Profitability (9/10) and Growth (10/10). However, the Valuation (4/10) and Momentum (2/10) scores suggest that while the company has solid fundamentals and growth potential, it is currently facing challenges in valuation and price momentum. This combination of scores highlights a robust business model but signals caution regarding current market conditions.
What Are Insiders Doing with TSCO Stock? In the last three months, there have been no insider transactions reported for Tractor Supply Co. This absence of insider buying or selling may suggest that executives are confident in the company's long-term prospects or are taking a wait-and-see approach given the current market conditions. Such a pattern can be interpreted as a lack of urgency from insiders, which can sometimes indicate a stable outlook for the company.
What This Means for Investors Based on the GF Value™ assessment, Tractor Supply Co TSCO is currently undervalued, presenting a potential opportunity for those looking for investments with intrinsic value. However, the current market dynamics and performance trends suggest that caution is warranted, as external factors could impact the stock's recovery.
For the complete analysis, visit the Tractor Supply Co TSCO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is TSCO's GF Score™?
The GF Score™ for Tractor Supply Co is 83/100, indicating a strong overall assessment with the potential for higher long-term returns.
Is TSCO overvalued or undervalued?
TSCO is currently undervalued based on the GF Value™ assessment, which indicates a significant margin of safety compared to its intrinsic value.
What is TSCO's P/E ratio?
TSCO's P/E (TTM) ratio is 14.6x, which is significantly below its 5-year median of 24.9x, supporting the conclusion that the stock is undervalued based on historical standards.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
BRENTWOOD, Tenn.--(BUSINESS WIRE)-- #TSC--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the “Company”), today announced it has acquired the veterinary services business VIP Petcare (operating as VIP Petcare and PetVet) from PetIQ, a Bansk Group company. VIP Petcare is the largest provider of mobile veterinary care in the United States, operating community clinics in approximately 2,700 retail locations with national and regional retail partners, incl.
Transaction Marks a Key Step in PetIQ's Evolution into a Leading Branded Pet Health & Wellness Company
, /PRNewswire/ -- Bansk Group ("Bansk"), a consumer-focused private investment firm dedicated to building distinctive consumer brands, today announced that its portfolio company, PetIQ, Inc. ("PetIQ"), has completed the sale of its veterinary services business, VIP Petcare, to Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States. Financial terms of the transaction were not disclosed.
PetIQ is a leading pet health and wellness company that develops, manufactures and distributes a differentiated portfolio of branded over-the-counter ("OTC") pet medications and wellness products – including PetArmor®, Capstar®, Nexstar®, Minties®, VetIQ®, and Rocco & Roxie®, among others, available to pet parents through retail and e-commerce channels across more than 60,000 points of distribution nationwide. The sale of VIP Petcare reflects the substantial growth the business has achieved under Bansk's ownership since 2024, including establishing itself as the nation's preeminent mobile veterinary care platform.
"Bansk's strategy is centered around building exceptional brand-led consumer businesses and when we acquired PetIQ, we saw the opportunity to help shape a category leader in pet health and wellness," said Chris Kelly, Senior Partner of Bansk Group. "Since then, we've partnered closely with PetIQ leadership to enhance and scale VIP Petcare into the largest mobile veterinary care business in the country, while also accelerating PetIQ's vision to become the leading brand-led pet health and wellness company. Tractor Supply's acquisition is exactly aligned with the outcome our value creation playbook is designed to produce – and it is a reflection of our ability to build distinctive businesses that attract best-in-class strategic acquirers. We look forward to continuing to work with the PetIQ team to accelerate the growth of its core brands and products business, where we see significant runway ahead."
"This transaction marks an exciting new chapter for PetIQ, and we are well-positioned to realize our full potential as a leading brand-led pet health and wellness company," said Camillo Pane, Chief Executive Officer of PetIQ. "Bansk's partnership was instrumental in scaling VIP Petcare into the nation's preeminent mobile veterinary care business, and this outcome is a testament to what we built together. We are confident in what the team will continue to build as part of Tractor Supply Company."
William Blair served as financial advisor, and Davis Polk served as legal counsel to Bansk Group and PetIQ. Centerview Partners served as financial advisor, and Sidley Austin served as legal counsel to Tractor Supply.
About Bansk Group
Founded in 2019, Bansk Group is a New York-based private investment firm focused on investing in and building distinctive consumer brands. With over $5 billion in assets under management, the firm partners with differentiated brands across four primary consumer categories: personal care, consumer health, food & beverage, and household products.
Bansk's tenured group of investors and operators have invested more than $30 billion of equity capital across more than 40 transactions with some of the most innovative and well-known consumer companies in the world. With more than three decades of investment experience in the consumer products industry, a global network of relationships, and a tested value creation playbook, Bansk seeks to partner with exceptional founders and management teams to drive outsized organic and acquisitive growth and to position brands for enduring long-term success in the evolving consumer landscape www.banskgroup.com
About PetIQ
Headquartered in Idaho, PetIQ's purpose is to champion pet parents in raising healthier, happier pets by delivering smarter pet health and wellness solutions that are innovative, accessible, educational, and always effective. PetIQ specializes in developing, manufacturing, and distributing a diverse portfolio of high-quality, branded medications primarily focused on over-the-counter ("OTC") flea & tick products, dental treats, and other wellness and nutritional products for companion pets. With brands like PetArmor®, Capstar®, Nextstar®, Minties®, VetIQ®, and Rocco & Roxie® and world-class manufacturing and distribution facilities in Omaha, Nebraska, Springville, Utah and Daytona Beach, Florida, PetIQ is able to deliver trusted solutions to help pets live their best lives, every day.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 296 on the Fortune 500. The Company's more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company's commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, and Allivet, a leading online pet and animal pharmacy, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer's doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
Contacts
Bansk Group
Woomi Yun / Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
+1 212-355-4449
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the “Company”), today announced it has acquired the veterinary services business VIP Petcare (operating as VIP Petcare and PetVet) from PetIQ, a Bansk Group company.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260528480785/en/
Tractor Supply Company today announced it has acquired the veterinary services business VIP Petcare.
VIP Petcare is the largest provider of mobile veterinary care in the United States, operating community clinics in approximately 2,700 retail locations with national and regional retail partners, including 1,700 Tractor Supply locations, across 39 states and serving more than one million pets annually. Bringing VIP Petcare’s veterinary services capabilities in-house strengthens Tractor Supply’s existing pet health platform.
Strategic Rationale
Enhances Tractor Supply’s position as the trusted destination for affordable, convenient pet care in underserved rural and exurban markets across America Creates a differentiated, end-to-end pet care offering spanning veterinary services, pharmacy, pet services and retail Combines VIP Petcare’s in-store veterinary clinics and 24/7 vet access and Allivet’s pharmacy capabilities, all anchored by Tractor Supply’s nationwide footprint, into a seamless omnichannel offering Increases customer engagement and enhances opportunities for the Company’s Neighbor’s Club loyalty program Unlocks long-term growth potential through integrated services, expanded pet care access including veterinarian telehealth and increased customer lifetime value in an asset-light manner “VIP Petcare has been a strong partner in helping us expand access to affordable pet care, and this acquisition builds on the unique combination of assets we have assembled across veterinary services, pet specialty, digital pharmacy and retail stores to better serve the millions of Tractor Supply customers who care for pets and animals, while continuing to support pet parents through VIP Petcare’s broader retail partner network. We believe this transaction strengthens our long-term competitive positioning while leveraging existing infrastructure and customer relationships in a capital-efficient manner,” said Hal Lawton, President and Chief Executive Officer of Tractor Supply. “By bringing together VIP Petcare’s leading veterinary services platform with Tractor Supply’s nationwide footprint, Neighbor’s Club loyalty program and Allivet’s digital pharmacy capabilities, we are creating meaningful opportunities to further leverage our pet care portfolio through a differentiated omnichannel offering. We are incredibly excited to welcome the VIP Petcare team to Tractor Supply as we build the future of pet care together.”
“We believe this transaction represents a great outcome for both PetIQ and Tractor Supply and an exciting next chapter for our Veterinary Services business. Tractor Supply is uniquely positioned to continue growing and investing in the Veterinary Services business, creating exciting long-term opportunities for our teams to continue delivering exceptional care to pets and families across the country,” said Camillo Pane, Chief Executive Officer of PetIQ.
“Tractor Supply has been our largest and most strategic retail partner for more than a decade, and the cultural and operational fit is exceptional,” said Ari Macerollo, Vice President and Head of Veterinary Services at VIP Petcare. “Joining Tractor Supply gives our veterinarians, field teams and pet parents an even stronger platform to continue delivering high-quality, affordable veterinary care to communities across the country through Tractor Supply locations and our broader network of retail partners.”
Founded in 1995 and headquartered in Eagle, Idaho, VIP Petcare has grown to become the largest provider of mobile veterinary care in the United States, hosting more than 60,000 community veterinary clinics annually and serving more than one million pets each year through a network of approximately 2,500 contracted veterinarians and 36 field offices across 39 states. Operating under the VIP Petcare and PetVet brands, the business runs 90-minute community clinics at host retail locations with walk-in and online pre-registration available, delivering essential preventive care, including vaccines, diagnostic testing, flea, tick and heartworm prevention, deworming, microchipping and nail trimming, at price points that are more than 50% less than a traditional veterinary visit.
Financial terms of the transaction were not disclosed. Centerview Partners served as financial advisor, and Sidley Austin served as legal counsel to Tractor Supply. William Blair served as financial advisor, and Davis Polk served as legal counsel to Bansk Group and PetIQ.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 296 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, and Allivet, a leading online pet and animal pharmacy, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
Forward-Looking Statements
This press release contains forward-looking statements. The forward-looking statements included herein are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, which address activities, events, or developments that we expect or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are usually identified by or are associated with such words as “intend,” “plan,” “believe,” “estimate,” “expect,” “anticipate” and/or the negatives or variations of these terms or similar terminology. Such forward-looking statements include those that address activities, events or developments that the Company or its management believes or anticipates may occur in the future, including the anticipated benefits of the transaction, such as anticipated tax benefits, earnings enhancements and synergies. All forward-looking statements are based upon the Company’s current expectations, various assumptions, and data available from third parties. The Company’s expectations and assumptions are expressed in good faith, and the Company believes there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including: the risk that we may be unable to successfully integrate the acquired business; the risk that anticipated benefits of the transaction, including expected synergies, growth opportunities and strategic objectives, may not be realized in the anticipated timeframe or at all; potential adverse effects on relationships with employees, customers and other business partners; risks relating to licenses, permits and other governmental authorizations associated with the acquired business; the diversion of management’s attention from ongoing business operations and opportunities and the other factors discussed in “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 27, 2025, subsequent Quarterly Reports on Form 10-Q and in the Company’s other filings with the Securities and Exchange Commission which are available at http://sec.gov. For any forward-looking statements contained in this or any other document, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and assumes no obligation to update publicly or revise any forward-looking statements in light of new information or future events.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260528480785/en/
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced a major, storewide expansion across its truck, tool and hardware categories, tailored to the needs of its shoppers. Led by the official launch of SKIL Power Tools and a complete, solutions-based reset of the electrical aisle, these initiatives strengthen Tractor Supply's ability to equip project-driven customers looking to complete repairs, mainten.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced a major, storewide expansion across its truck, tool and hardware categories, tailored to the needs of its shoppers. Led by the official launch of SKIL Power Tools and a complete, solutions-based reset of the electrical aisle, these initiatives strengthen Tractor Supply’s ability to equip project-driven customers looking to complete repairs, maintenance and home improvement jobs.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260601575275/en/
Tractor Supply Expands Truck, Tool and Hardware Assortment with Launch of SKIL Power Tools and Electrical Brands
These strategic investments combine accessible, high-performance power tools with a more intuitive, simplified shopping experience. By pairing professional-inspired tools with expanded electrical products from industry-leading brands, Tractor Supply is making it easier than ever for everyday DIYers, hobby farmers and contractors to find exactly what they need to get the job done in a single trip.
“We continue to see customers taking on more repair, maintenance and improvement projects themselves,” said Randall Dodds, Senior Vice President and General Merchandising Manager at Tractor Supply. “The addition of SKIL and the expansion of our electrical assortment reflect how Tractor Supply is evolving to better serve those project-driven customers with trusted brands, simplified shopping and solutions that fit the way they live and work.”
Performance Made Accessible with SKIL Power Tools
SKIL brings a 100-year legacy of proven performance rooted in real work. Built to handle tough conditions around the home or jobsite, the initial rollout includes over 30 tools and accessories in stores with an expanded assortment online. Key highlights of the lineup include the versatile flip drill, circular saw, impact driver and stapler, with an exclusive SKIL grease gun designed specifically for Tractor Supply customers scheduled to launch later this summer.
Designed with premium features at an affordable price, the SKIL brand delivers maximum convenience with universal USB-C charging and a single-battery system compatible across multiple tools. The assortment also has brushless motors for extended tool life and efficiency, all backed by a 5-year warranty for added confidence.
Project-Based Solutions in the Reimagined Electrical Aisle
Along with the new tools, Tractor Supply has completely refreshed its electrical aisle, adding 188 new SKUs from the nation’s top electrical, lighting and safety brands. The newly designed aisle is organized directly around how customers shop and work, bringing trusted national leaders like Klein Tools, Leviton, GE, Kidde and Coast together under one roof, balanced with Tractor Supply’s private label and exclusive offerings such as its Surge and JobSmart brands.
The updated layout covers complete project needs across electrical and wiring devices, testing tools, power cords, lighting solutions and fire preparedness. Built for real-world conditions, the category offers year-round essentials alongside critical seasonal solutions. Customers can easily find proper equipment for upcoming indoor and outdoor projects, storm preparedness, winter readiness and fire safety.
Gear Up for Father’s Day and Look Ahead to Tool Days
The truck and tool expansion arrives just in time for Father’s Day gifting as Tractor Supply offers a wide variety of tools, hardware and outdoor equipment perfect for every dad. To celebrate, all Tractor Supply locations will host an interactive, in-store Father’s Day event on Saturday, June 13, where families and children can visit their local store to color stickers and personalize a tackle box for dad.
The momentum will continue later this summer with Tractor Supply Tool Days. The highly anticipated seasonal event will showcase ultimate newness, hot deals and exclusive savings across all tool categories, highlighting the new SKIL Power Tools lineup.
To shop the new assortments, visit tractorsupply.com/tsc/brand/skil and tractorsupply.com/tsc/catalog/electrical.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 296 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, Allivet, a leading online pet and animal pharmacy, and VIP Petcare, the largest provider of mobile veterinary care in the United States, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260601575275/en/
Inaugural Fan Fair X Partnership to Feature Authentic Storytellers Including 2026 Life Out Here Emerging Artist Winner Gloria Anderson
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company, the largest rural lifestyle retailer in the United States, is bringing the spirit of Life Out Here to country music’s biggest week through its inaugural sponsorship of the Tractor Supply Spotlight Stage at Fan Fair X during CMA Fest, highlighted by a special performance from 2026 Life Out Here Emerging Artist winner Gloria Anderson.
Located inside the Music City Center, the Tractor Supply Spotlight Stage will give fans an up-close experience with country music’s next generation of storytellers through intimate performances and live sets throughout CMA Fest from Thursday, June 4, through Sunday, June 7.
Tractor Supply is continuing to invest in supporting emerging artists and storytellers who reflect the values of the "Life Out Here" community. The Tractor Supply Spotlight Stage will feature live performances from 11 a.m. to 5:20 p.m. daily, showcasing a diverse lineup of country music’s most promising voices.
“Music has always been part of the heartbeat of Life Out Here,” said Kimberley Gardiner, Chief Marketing Officer at Tractor Supply. “Country music tells stories of hard work, family, community and perseverance—the same values that resonate deeply with our customers. Sponsoring the Spotlight Stage at CMA Fest gives us an opportunity to support emerging artists, celebrate authentic storytelling and help connect their music with fans across the country.”
A native of Luling, Texas, and Belmont University alumna, Anderson’s journey from thousands of submissions to the Spotlight Stage exemplifies the Life Out Here Emerging Artist Program’s mission to open doors for artists who live and love the rural lifestyle. Joining her on the stage is fellow program finalist Dzaki Sukarno, along with dozens of other rising stars including Austin Mackay, The BoykinZ, Jake Hoot and Sacha.
First launched in 2023 with country music powerhouse Lainey Wilson, Tractor Supply’s Life Out Here Emerging Artist Program continues its dedicated mission to discover and support up-and-coming talent who reflect the heart, grit and spirit of the rural lifestyle. For the 2026 edition, the company expanded its country music footprint by partnering with CMA Award-winning artist Cody Johnson to serve as the program’s primary mentor. Through this collaboration, a nationwide search was conducted to find authentic storytellers, ultimately crowning Anderson as the 2026 grand winner. As part of her once-in-a-lifetime Nashville prize package, Anderson received exclusive industry mentorship, a recording session at the iconic Blackbird Studio, and the opportunity to perform as the opening act before a private Cody Johnson concert prior to making her appearance on the Tractor Supply Spotlight Stage.
Fan Fair X is the ultimate destination for one-of-a-kind fan experiences, offering meet-and-greets and immersive exhibits. Tickets for Fan Fair X are available for purchase at CMAfest.com/fanfairx.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 296 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, Allivet, a leading online pet and animal pharmacy, and VIP Petcare, the largest provider of mobile veterinary care in the United States, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
About CMA Fest
For more than 50 years, CMA Fest has united the Country Music community, bringing fans, artists and industry professionals together for four unforgettable days in the heart of Nashville. What began in 1972 as Fan Fair® with just 5,000 attendees has evolved into the longest-running Country Music festival in the world, drawing an estimated 95,000 daily attendees. CMA Fest is more than a festival—it’s a celebration of the connection between artists and fans, featuring hundreds of performances and collaborations across multiple stages, once-in-a-lifetime moments, and the vibrant energy of Nashville, all fueling something bigger than the event itself. CMA Fest artists donate their time, turning their performances and appearances into purpose, with proceeds supporting music education through the CMA Foundation. This year marks the 23rd consecutive year that CMA has produced a summer music program to air as a network television special on ABC.
Retailer to Honor 250 Community Heroes Supporting Pets Across the Country; One Pet Hero Grand Prize Winner to Receive $5,000 for Animal Welfare
BRENTWOOD, Tenn.--(BUSINESS WIRE)--In honor of America’s 250th anniversary, Petsense, a pet specialty retailer and wholly-owned subsidiary of Tractor Supply Company, today announced the launch of its “Petsense® Celebrates Pet Heroes” Sweepstakes: an initiative to recognize the individuals and organizations who dedicate their lives to serving, healing, and caring for pets and pet parents in communities across the country. Nominations are now open through June 20, 2026.
During the “Petsense® Celebrates Pet Heroes” Sweepstakes, Petsense will award prizes valued at $130,000 to community members and organizations serving pets in a variety of ways, through efforts big and small.
Share Petsense by Tractor Supply operates in small and mid-size communities across America, places where a single vet, rescue or caretaker can make a real difference in the lives of pets. The “Petsense® Celebrates Pet Heroes Sweepstakes” aims to celebrate pet heroes of all kinds, including the veterinarian serving a small town, the rescue organization running on a shoestring budget, the dog walker who has become a lifeline for elderly neighbors or the groomer who volunteers every weekend at the local shelter.
“There are extraordinary people dedicating their time and energy to improving the lives of pets across the communities we serve,” said Neil Tenzer, Senior Vice President of Petsense by Tractor Supply. “No effort is too small when it comes to improving the lives of pets out here. This initiative is our way of shining a light on these unsung pet heroes who are truly worth celebrating.”
During the “Petsense® Celebrates Pet Heroes” Sweepstakes, Petsense will award prizes valued at $130,000 to community members and organizations serving pets in a variety of ways, through efforts big and small. To recognize individuals, groups and organizations, as well as the entrants who take the time to nominate their heroes, Petsense has established multiple opportunities to win prizes.
At the conclusion of the nomination period on June 20, Petsense will award a $250 gift card to 250 “Local Pet Heroes” and a cash prize of $5,000 will be awarded to one “Pet Hero Grand Prize Winner,” a verified non-profit organization nominated by sweepstakes entrants. Additionally, 250 sweepstakes entrants will receive a $250 Petsense gift card.
250 Local Pet Heroes
To support the work of individuals and groups who serve pets and pet parents in their immediate communities, entrants are encouraged to nominate them as a “Local Pet Hero.” They are defined as (but not limited to) community veterinarians, dog walkers, trainers, rehabilitators, pet sitters, groomers and more.
Nominees must be an individual or group with an express and verifiable mission to make a positive impact in the lives of pets and pet parents. Nominees must reside and operate within 25 miles of a Petsense store. 250 Local Pet Heroes will be selected to receive a $250 Petsense gift card, redeemable in store only. Plus, 250 Sweepstakes winners will receive a $250 Petsense gift card, redeemable in store only. One Pet Hero Grand Prize Winner
To support the work of verified, non-profit organizations with an express mission of serving pets and pet parents, Petsense will award a “Pet Hero Grand Prize” of $5,000. They are defined as a standout non-profit making an extraordinary impact in the lives of pets and pet parents and include charities, shelters, rescues, medical clinics and more.
Nominees must be a registered 501c3 organization with an express and verifiable mission to make a positive impact in the lives of pets and pet parents. One winner will be selected to receive a $5,000 charitable donation to continue their mission of serving pets. Key Dates
Nominations open: Monday, June 1, 2026 Nominations close: Saturday, June 20, 2026 Pet lovers can nominate pet heroes at Petsense.com/A250 and full rules can be found here. 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 March 28, 2026, the Company operated 208 total Petsense stores across 23 states. For more information on Petsense by Tractor Supply, visit www.Petsense.com.
Petsense by Tractor Supply Launches “Petsense ® Celebrates Pet Heroes” Sweepstakes, Honoring America's Unsung Animal Advocates In honor of America’s 250th anniversary, Petsense, a pet specialty retailer and wholly-owned subsidiary of Tractor Supply Company, today announced the launch of its “Petsense® Celebrates Pet Heroes” Sweepstakes: an initiative to recognize the individuals and organizations who dedicate their lives to serving, healing, and caring for pets and pet parents in communities across the country. Nominations are now open through June 20, 2026.
Petsense by Tractor Supply operates in small and mid-size communities across America, places where a single vet, rescue or caretaker can make a real difference in the lives of pets. The “Petsense® Celebrates Pet Heroes Sweepstakes” aims to celebrate pet heroes of all kinds, including the veterinarian serving a small town, the rescue organization running on a shoestring budget, the dog walker who has become a lifeline for elderly neighbors or the groomer who volunteers every weekend at the local shelter.
“There are extraordinary people dedicating their time and energy to improving the lives of pets across the communities we serve,” said Neil Tenzer, Senior Vice President of Petsense by Tractor Supply. “No effort is too small when it comes to improving the lives of pets out here. This initiative is our way of shining a light on these unsung pet heroes who are truly worth celebrating.”
During the “Petsense® Celebrates Pet Heroes” Sweepstakes, Petsense will award prizes valued at $130,000 to community members and organizations serving pets in a variety of ways, through efforts big and small. To recognize individuals, groups and organizations, as well as the entrants who take the time to nominate their heroes, Petsense has established multiple opportunities to win prizes.
At the conclusion of the nomination period on June 20, Petsense will award a $250 gift card to 250 “Local Pet Heroes” and a cash prize of $5,000 will be awarded to one “Pet Hero Grand Prize Winner,” a verified non-profit organization nominated by sweepstakes entrants. Additionally, 250 sweepstakes entrants will receive a $250 Petsense gift card.
250 Local Pet Heroes
To support the work of individuals and groups who serve pets and pet parents in their immediate communities, entrants are encouraged to nominate them as a “Local Pet Hero.” They are defined as (but not limited to) community veterinarians, dog walkers, trainers, rehabilitators, pet sitters, groomers and more.
Nominees must be an individual or group with an express and verifiable mission to make a positive impact in the lives of pets and pet parents. Nominees must reside and operate within 25 miles of a Petsense store. 250 Local Pet Heroes will be selected to receive a $250 Petsense gift card, redeemable in store only. Plus, 250 Sweepstakes winners will receive a $250 Petsense gift card, redeemable in store only. One Pet Hero Grand Prize Winner
To support the work of verified, non-profit organizations with an express mission of serving pets and pet parents, Petsense will award a “Pet Hero Grand Prize” of $5,000. They are defined as a standout non-profit making an extraordinary impact in the lives of pets and pet parents and include charities, shelters, rescues, medical clinics and more.
Nominees must be a registered 501c3 organization with an express and verifiable mission to make a positive impact in the lives of pets and pet parents. One winner will be selected to receive a $5,000 charitable donation to continue their mission of serving pets. Key Dates
Nominations open: Monday, June 1, 2026 Nominations close: Saturday, June 20, 2026 Pet lovers can nominate pet heroes at Petsense.com/A250 and full rules can be found here. 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 March 28, 2026, the Company operated 208 total Petsense stores across 23 states. For more information on Petsense by Tractor Supply, visit www.Petsense.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260604883227/en/
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