Track market-moving stories before they get noisy

On its third-quarter 2026 earnings call, held on Oct. 22, 2026, Tractor Supply (TSCO +6.24%) announced a return to positive comparable store sales growth, which measures sales at locations open for at least a year. Long-term investors should care because management is reshaping its cost structure to protect profit margins during a cautious retail environment. Three things management said stand out.

1. Reinvesting Tariff Refunds Drives Customer TrafficManagement is using government tariff refunds -- money returned on import taxes -- to lower prices on 50 essential items that rural customers buy regularly. This targeted value strategy is accelerating unit volume and driving store traffic despite broader consumer budget pressures.

A significant portion of our price investment has been on everyday essentials that matter most to our customers, and we have been focused on approximately 50 everyday Essentials SKUs that matter most to our customers.
-- Hal Lawton, Chief Executive Officer2. Cost Reduction Targets Protect Operating MarginsTo ensure the operating margin -- the percentage of revenue left after paying operational costs -- remains above 9%, the business is targeting reductions in selling, general, and administrative expenses (corporate overhead). The company is streamlining store tasks and supply chain operations to offset rising freight and labor costs.

On the SG&A side, we are targeting more than $75 million in additional annual reductions over 2027 and 2028.
-- Hal Lawton, Chief Executive Officer3. Moderating Capital Spending Unlocks Cash FlowAfter spending heavily to modernize its supply chain and build distribution centers, management is curtailing capital expenditures, which are funds spent on physical assets. Lowering capital intensity below 4% of net sales frees up cash flow for shareholder returns and disciplined expansion.

With much of that investment behind us, we expect capital expenditures to moderate significantly and move below 4% of sales in 2027 and beyond, providing greater flexibility in deploying cash generated by the business.
-- Hal Lawton, Chief Executive OfficerLooking AheadCustomer traffic is accelerating into the final quarter as strategic initiatives take hold. The business relies on its specialized rural footprint, proprietary logistics, and loyalty program retention while tracking pricing discipline across key categories.

Our team is acting with urgency to improve comparable sales strengthen profitability, sharpen our strategic priorities, and make deliberate choices about where we invest our capital and resources.
-- Hal Lawton, Chief Executive OfficerCapital allocation is shifting toward existing store productivity and cost discipline to maximize returns.

As we look ahead, our priorities are clear. We need to drive stronger, comparable sales, manage cost with discipline, and focus our capital on the opportunities that generate the best returns.
-- Hal Lawton, Chief Executive OfficerThe Motley Fool has positions in and recommends Tractor Supply. The Motley Fool recommends the following options: short October 2026 $35 calls on Tractor Supply. The Motley Fool has a disclosure policy.

Contrarian Alert: 5 Downgraded Stocks That May Reward Long-Term InvestorsTractor Supply NASDAQ: TSCO reported third-quarter net sales growth of 5.1% to $3.91 billion, as comparable sales rose 0.4% and sales trends improved through the quarter. The company said momentum continued into October, supported by stronger transaction trends, gains in digital sales and customer response to investments in everyday value.

Diluted earnings per share were $0.43 for the quarter. Operating income totaled $307.7 million, producing an operating margin of approximately 7.9%. Chief Executive Officer Hal Lawton said the company is focused on improving comparable sales, restoring profitability and refining its investment priorities following a period of significant capital spending.

Get Tractor Supply alerts:

Sales Trends Improved Through Quarter 3 Retail Winners Using Cash Flow to Stay AheadComparable sales increased 0.4% in the third quarter, on top of 3.9% comparable growth a year earlier. Average ticket rose 0.7%, while transactions declined 0.3%. Lawton said transaction trends improved over the course of the quarter, with comparable sales moving from a decline of less than 1% in July to modest growth in August and solid growth in September.

The stronger finish extended into October. Lawton said the company was posting positive comparable transactions and positive comparable sales during the first three and a half weeks of the fourth quarter. He characterized weather conditions as broadly neutral and attributed the performance primarily to market-share gains and operational initiatives rather than external tailwinds.

Tractor Supply’s 10% Culling: A Bruise, Not a BreakSales strength was led by wildlife supplies, equine and livestock, truck, tool and hardware, and seasonal products. The company’s consumable, usable and edible categories also accelerated during the quarter, according to Chief Financial Officer Kurt Barton. Digital sales rose approximately 16%, with growth in traffic and conversion.

Big-ticket categories and companion animal products remained softer, though the company said pet trends improved sequentially. Companion animal comparable sales moved from roughly negative 4% in the first quarter to negative 3% in the second quarter and negative 2% in the third quarter. Including new stores, Allivet and VIP Petcare, total pet sales grew 5%.

Value Investments and Pet Initiatives Lawton said Tractor Supply expects about $100 million in tariff refunds during 2026 and plans to invest roughly 40% of that benefit in customer value, with the remainder helping offset higher freight costs. The company has concentrated price investments on approximately 50 everyday-essential products.

Management said those products generated strong unit growth and contributed to higher customer price perception. Chief Merchant Seth Estep said the price investments were increasing transactions, units per transaction and broader basket spending rather than encouraging customers to purchase only discounted items.

The company said it will continue emphasizing price competitiveness while selectively raising prices in response to higher costs. Lawton said the retail market has acted “very rationally” as Tractor Supply has begun making pricing adjustments.

In pet, the company is expanding Freshpet distribution and raised its year-end rollout target to about 1,000 stores from more than 700 stores. Estep said about 40% of customers purchasing Freshpet were new or reactivated pet customers at Tractor Supply. The company also reported triple-digit growth in its subscription business and said Allivet has been integrated as the prescription fulfillment platform for VIP Petcare.

Margins Pressured by Transportation Costs Gross profit increased 2.6% to $1.42 billion, while gross margin declined about 90 basis points from a year earlier to approximately 36.4%. Barton said higher fuel costs, carrier rates and investments in price value were the largest pressures. Tariff-related benefits partially offset those costs.

The company recognized about $70 million of tariff refund benefits in gross margin during the second quarter and $15 million during the third quarter, with another $15 million expected in the fourth quarter. Tractor Supply expects fourth-quarter gross margin to be down modestly year over year, with Barton citing a base-case range of roughly 10 to 30 basis points lower.

Management expects the new distribution center in Nampa, Idaho, to provide approximately 15 to 20 basis points of gross-margin benefit beginning in the fourth quarter. The facility created 15 basis points of startup costs in third-quarter SG&A, however.

SG&A expenses totaled approximately $1.12 billion, or 28.6% of sales, compared with 28.1% a year earlier. The increase reflected fixed-cost deleverage tied to lower comparable sales and Nampa startup costs, partly offset by productivity initiatives, lower incentive compensation and sale-leaseback benefits.

Cost Actions and 2027 Planning Lawton said Tractor Supply is not comfortable operating below a 9% operating margin and is pursuing measures intended to restore margins above that level over time. The company expects renegotiated vendor-support agreements to generate more than $50 million in annualized benefits next year and is targeting more than $75 million in additional annual SG&A reductions over 2027 and 2028.

Those reductions are expected to come from completed Petsense closures, benefits-program changes, store productivity initiatives, supply-chain efficiencies, corporate cost actions and technology and process improvements. Management said the $75 million target is incremental to the operating-margin leverage it expects when comparable sales exceed roughly 2%.

The company also expects depreciation growth to moderate to the mid-single digits or lower in 2027 following several years of elevated investment. Capital expenditures are expected to fall below 4% of sales in 2027 and beyond.

For 2026, Tractor Supply reaffirmed its guidance and said it expects positive comparable sales in the fourth quarter, while noting uncertainty around weather, discretionary spending and large-ticket purchases. It now expects net capital expenditures of $675 million to $700 million and share repurchases of $425 million to $450 million.

Looking ahead, the company plans to moderate 2027 new-store openings to approximately 85 to 90 locations, calling the change a capital-allocation decision rather than a change in its long-term view of a 3,200-site opportunity. It also plans to use a more flexible, lower-capital seasonal garden center format and expand its outdoor recreation and wildlife supplies program to a meaningful number of stores by the end of next year.

About Tractor Supply (NASDAQ:TSCO)Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.

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].

Should You Invest $1,000 in Tractor Supply Right Now?Before you consider Tractor Supply, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tractor Supply wasn't on the list.

While Tractor Supply currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Tractor Supply Company (TSCO) Q3 2026 Earnings Call October 22, 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
John Ordus - Executive VP & Chief Stores Officer

Conference Call Participants

Peter Benedict - Robert W. Baird & Co. Incorporated, Research Division
Christopher Horvers - JPMorgan Chase & Co, Research Division
Steven Zaccone - Citigroup Inc. Exchange Research
Michael Lasser - UBS Investment Bank, Research Division
Simeon Gutman - Morgan Stanley, Research Division
Charles Cerankosky - Northcoast Research Partners, LLC
Charles Grom - Gordon Haskett Research Advisors
Scot Ciccarelli - Truist Securities, Inc., Research Division
Christopher Nardone - BofA Securities, Research Division
Seth Sigman - Barclays Bank PLC, Research Division
Steven Forbes - Guggenheim Securities, LLC, Research Division

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to Tractor Supply Company's conference call to discuss third 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, Tamia. Good morning, everyone. We appreciate your time and participation in today's call. On the call today, participating in our 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; John Ordus, EVP and Chief Stores Officer; and Craig Ledbetter, our SVP and Chief Supply Chain Officer, join the call for the question-and-answer portion. Following our prepared remarks, we'll open the floor for questions.

Tractor Supply (TSCO - Free Report) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +7.50%. A quarter ago, it was expected that this retailer for farmers and ranchers would post earnings of $0.83 per share when it actually produced earnings of $0.81, delivering a surprise of -2.41%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Tractor Supply, which belongs to the Zacks Retail - Miscellaneous industry, posted revenues of $3.91 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 2.57%. This compares to year-ago revenues of $3.72 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Tractor Supply shares have lost about 34.6% since the beginning of the year versus the S&P 500's gain of 13.3%.

What's Next for Tractor Supply?While Tractor Supply has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Tractor Supply was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.41 on $4.03 billion in revenues for the coming quarter and $1.94 on $15.98 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Miscellaneous is currently in the top 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Sally Beauty (SBH - Free Report) , is yet to report results for the quarter ended September 2026.

This beauty products seller is expected to post quarterly earnings of $0.60 per share in its upcoming report, which represents a year-over-year change of +9.1%. The consensus EPS estimate for the quarter has been revised 0.7% lower over the last 30 days to the current level.

Sally Beauty's revenues are expected to be $948.3 million, up 0.1% from the year-ago quarter.

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company today reported financial results for its third quarter ended September 26, 2026.

Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.

The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.

The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.

The Zacks Earnings ESP, ExplainedThe Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.

With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.

When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.

Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.

Should You Consider Boot Barn?The final step today is to look at a stock that meets our ESP qualifications. Boot Barn (BOOT - Free Report) earns a #2 (Buy) 14 days from its next quarterly earnings release on November 4, 2026, and its Most Accurate Estimate comes in at $1.64 a share.

BOOT has an Earnings ESP figure of +0.49%, which, as explained above, is calculated by taking the percentage difference between the $1.64 Most Accurate Estimate and the Zacks Consensus Estimate of $1.63. Boot Barn is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

BOOT is part of a big group of Retail and Wholesale stocks that boast a positive ESP, and investors may want to take a look at Tractor Supply (TSCO - Free Report) as well.

Tractor Supply, which is readying to report earnings on October 22, 2026, sits at a Zacks Rank #3 (Hold) right now. Its Most Accurate Estimate is currently $0.45 a share, and TSCO is one day out from its next earnings report.

For Tractor Supply, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.41 is +11.11%.

BOOT and TSCO's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.

Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>

Analysts on Wall Street project that Tractor Supply (TSCO - Free Report) will announce quarterly earnings of $0.40 per share in its forthcoming report, representing a decline of 18.4% year over year. Revenues are projected to reach $3.8 billion, increasing 2.3% from the same quarter last year.

Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

Bearing this in mind, let's now explore the average estimates of specific Tractor Supply metrics that are commonly monitored and projected by Wall Street analysts.

The consensus estimate for 'Comparable store sales increase/(decrease)' stands at -1.1%. Compared to the present estimate, the company reported 3.9% in the same quarter last year.

It is projected by analysts that the 'Number of stores - Petsense' will reach 184 . Compared to the current estimate, the company reported 206 in the same quarter of the previous year.

According to the collective judgment of analysts, 'Number of stores' should come in at 2,669 . The estimate compares to the year-ago value of 2,570 .

The collective assessment of analysts points to an estimated 'Number of stores - Tractor Supply' of 2,481 . Compared to the current estimate, the company reported 2,364 in the same quarter of the previous year.

The combined assessment of analysts suggests that 'Sales per selling square foot' will likely reach $90.31 . The estimate is in contrast to the year-ago figure of $92.39 .

Analysts expect 'Total selling square footage' to come in at 42 millions of square feet. The estimate is in contrast to the year-ago figure of 40 millions of square feet.

Based on the collective assessment of analysts, 'New stores opened - Tractor Supply' should arrive at 18 . Compared to the present estimate, the company reported 29 in the same quarter last year.

View all Key Company Metrics for Tractor Supply here>>>

Shares of Tractor Supply have experienced a change of +3% in the past month compared to the +1.5% move of the Zacks S&P 500 composite. With a Zacks Rank #5 (Strong Sell), TSCO is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company intends to release its third quarter 2026 results before the market opens on Thursday, October 22, 2026.

Tractor Supply has raised its dividend every year for 17 straight years, but two consecutive earnings misses, a gutted outlook, and a stock down more than a third raise a pointed question about whether the rural retailer's cash flow can…

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Tractor Supply (NASDAQ:TSCO | TSCO Price Prediction) raised its quarterly dividend 4.3% to $0.24 in January, its 17th consecutive year of increases. Since then the company has missed earnings estimates twice, cut its fiscal 2026 outlook and withdrawn the long-term financial framework it laid out at its December 2024 Investor Day. The stock is down 35.56% year to date. Income investors now have to ask whether the payout is growing faster than the business behind it.

Feed and Fencing Hold Up While Big-Ticket Sales Slip Tractor Supply sells to rural households and hobby farmers. Most of its demand comes from consumable, usable and edible (CUE) products such as animal feed and farm supplies, which customers keep rebuying in good times and bad ones. Riding mowers and seasonal goods sit on top as optional purchases. In the second quarter, CUE categories stayed positive and big-ticket sales fell by a mid-single-digit percentage. Comparable store sales dropped 1.5%.

“What has not changed is customer engagement. What has changed is customer spending behavior.”

CEO Hal Lawton blamed one bad month:

“Positive comparable store sales in April and June were more than offset by unusually adverse conditions in May, which drove second quarter results below our expectations.”

Annual Coverage Looks Solid, but 2026 Cash Flow Is Thin At $31.62, the $0.96 forward dividend yields about 3.0%. The payout uses about 50% of trailing EPS of $1.91. In fiscal 2025, free cash flow (operating cash flow minus capital spending) came to around $740.5 million, and dividends took about 66% of it.

The first half of 2026 was tighter. Free cash flow was around $217.4 million, while dividends cost $252.0 million. A large spring inventory build explains much of the gap. On top of the dividend, the company spent $118M and $135.3M on buybacks in the first two quarters. On the July call, Chief Financial Officer Kurt Barton said:

“We maintain a strong balance sheet and preserve significant financial flexibility.”

How Lowe’s and Home Depot Compare Company Dividend Yield Trailing P/E Forward P/E Tractor Supply 3.0% 17 14 Lowe’s (NYSE:LOW) 2.63% 16 16 Home Depot (NYSE:HD) 1.61% 20 20 Tractor Supply now has a higher yield than both home improvement chains and the lowest forward multiple of the three. That changes its old identity. Annual dividend spending rose from $20.4 million in 2010 to $487.7 million in 2025, the profile of a low-yield stock with fast payout growth. After a December 2024 stock split, the quarterly rate went from $0.23 to $0.24, a much smaller step. Buyers today get a higher yield with slower growth.

What Would Break the Thesis Analysts are cutting estimates. The fiscal 2026 EPS consensus fell to $1.8725 from $2.1153 90 days ago, with 12 down revisions and none up. Store openings planned for 2027 dropped to 85 to 90 from 100.

The conclusion: the dividend growth story still holds, but at a slower pace. A payout ratio near 51% of 2026 consensus EPS leaves room for small annual increases that keep the streak going. The thesis breaks if CUE categories turn negative, because that would mean the repeat-purchase base under the cash flow is collapsing. The next tests are the third-quarter report, where the consensus is $0.4077, and the new framework due with Q4 2026 results.

Contact [email protected] for any questions or corrections.

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- #TSC--Tractor Supply will support over 1,000 fairs in 2026, investing in agriculture, youth programs, education and rural communities.

Tractor Supply (NASDAQ:TSCO – Get Free Report) and Warby Parker (NYSE:WRBY – Get Free Report) are both consumer discretionary companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, profitability, earnings, institutional ownership, valuation and risk.

Profitability This table compares Tractor Supply and Warby Parker’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Tractor Supply 6.42% 41.74% 9.42% Warby Parker 0.85% 3.36% 1.72% Volatility and Risk Tractor Supply has a beta of 0.48, indicating that its share price is 52% less volatile than the S&P 500. Comparatively, Warby Parker has a beta of 1.91, indicating that its share price is 91% more volatile than the S&P 500.

Institutional and Insider Ownership 98.7% of Tractor Supply shares are owned by institutional investors. Comparatively, 93.2% of Warby Parker shares are owned by institutional investors. 0.6% of Tractor Supply shares are owned by insiders. Comparatively, 16.8% of Warby Parker shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth. Earnings & Valuation This table compares Tractor Supply and Warby Parker”s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Tractor Supply $15.75 billion 1.07 $1.10 billion $1.92 16.78 Warby Parker $911.61 million 2.67 $1.64 million $0.07 321.63 Tractor Supply has higher revenue and earnings than Warby Parker. Tractor Supply is trading at a lower price-to-earnings ratio than Warby Parker, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings This is a summary of recent ratings and price targets for Tractor Supply and Warby Parker, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Tractor Supply 3 12 13 0 2.36 Warby Parker 0 4 7 0 2.64 Tractor Supply currently has a consensus target price of $39.31, suggesting a potential upside of 22.04%. Warby Parker has a consensus target price of $30.08, suggesting a potential upside of 33.62%. Given Warby Parker’s stronger consensus rating and higher possible upside, analysts plainly believe Warby Parker is more favorable than Tractor Supply.

Summary Tractor Supply beats Warby Parker on 8 of the 14 factors compared between the two stocks.

About Tractor Supply (Get Free Report)

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise. It provides its products under the 4health, Paws & Claws, American Farmworks, Producer's Pride, Bit & Bridle, Red Shed, Blue Mountain, Redstone, C.E. Schmidt, Retriever, Country Lane, Ridgecut, Countyline, Royal Wing, Country Tuff, Strive, Dumor, Traveller, Farm Table, Treeline, Groundwork, TSC Tractor Supply Co, Huskee, Untamed, and JobSmart brand names. The company operates its retail stores under the Tractor Supply Company, Petsense by Tractor Supply, and Orscheln Farm and Home names; and operates websites under the TractorSupply.com and Petsense.com names. It sells its products to recreational farmers, ranchers, and others. Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee.

About Warby Parker (Get Free Report)

Warby Parker Inc. provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps. In addition, the company offers eye exams and vision tests. Warby Parker Inc. was incorporated in 2009 and is headquartered in New York, New York.

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.

-

The in-store round-up fundraiser runs through Veterans Day at Petsense stores nationwide, with funds raised going on to train service dogs for veterans

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Petsense by Tractor Supply, a wholly owned subsidiary of Tractor Supply Company (NASDAQ: TSCO), invites customers nationwide to round up their purchases at checkout through Veterans Day, Nov. 11, to benefit K9s For Warriors, the nation's leading provider of trained service dogs to veterans living with PTSD and other invisible wounds of war.

“Our customers have a way of showing up for their neighbors, and rounding up at the register is one of the simplest ways they can make a difference,” said Shawn Blankenship, Vice President of Petsense by Tractor Supply. “We’re grateful to bring the campaign back this fall and give our customers another opportunity to support veterans in the communities we serve.”

In 2025, more than 157,000 Petsense customers rounded up an average of 81 cents at checkout, collectively raising more than $130,000 to support the training and pairing of two service dogs. One of those dogs is Nash, a Labradoodle who entered formal training this summer. Nash is undergoing training at K9s For Warriors’ Shari Duval National Headquarters in Ponte Vedra, Florida, where he is learning comforting and grounding techniques, including a command called “my lap,” in which he rests his front paws across his handler’s lap to provide deep compression therapy, calming anxiety. Nash is expected to graduate and be paired with his veteran in the fall of 2026.

“Every round-up at the register represents more than a few extra cents — it helps create a life-changing bond between a Veteran and a Service Dog,” said K9s For Warriors Chief Revenue Officer Lindsay Grayson. “We are incredibly grateful to Petsense by Tractor Supply and its customers for continuing to show up for our nation’s Veterans. Together, these small acts of generosity help make it possible to rescue, train and pair more Service Dogs with Veterans who need them most.”

Honoring Veterans Through Hometown Heroes Program
In addition to supporting K9s For Warriors, Petsense by Tractor Supply will honor veterans and first responders this fall with several “Honoring Heroes Days,” where service members and first responders verified through Tractor Supply’s Hometown Heroes program will receive an additional 10 percent off their transaction. Upcoming offers include:

Honoring Heroes Days: “First Responders Day” (Oct. 28), “Hometown Heroes Day” (Nov. 7) and “Veterans Day” (Nov. 11): Verified Hometown Heroes receive 10 percent off in stores nationwide. Oct. 26 through Nov. 11: Shop all three 10 percent off days and receive an additional $5 in Neighbor's Club Rewards. Oct. 26 through Nov. 15: Spend $60 on 4health or Retriever pet food and receive $5 in Neighbor's Club Rewards. Round-up donations are accepted at checkout at every Petsense by Tractor Supply store and require no minimum purchase. For more information on the K9s For Warriors campaign, Hometown Heroes offers and participating locations, visit www.petsense.com.

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 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. June 27, 2026, the Company operated 209 total Petsense stores across 23 states. For more information on Petsense by Tractor Supply, visit www.Petsense.com.

About K9s For Warriors
Determined to end Veteran suicide, K9s For Warriors is the nation’s leading nonprofit organization that provides trained Service Dogs to military Veterans nationwide suffering from PTSD, traumatic brain injury, and/or military sexual trauma — at no financial cost to the Veteran. Backed by groundbreaking scientific research from the University of Arizona’s OHAIRE Lab, the program demonstrates how Service Dogs can help mitigate symptoms of PTSD while simultaneously restoring confidence and independence. Founded in 2011 as a 501(c)(3) nonprofit organization, K9s For Warriors is committed to saving lives at both ends of the leash by primarily rescuing dogs and pairing them with Veterans in need. The organization is also dedicated to raising awareness about Veterans’ mental health and driving policy-level reform. To date, K9s has paired more than 1,350 life-changing Service Dogs to Veterans across all 50 states and rescued more than 2,500 dogs.

Find more information at www.k9sforwarriors.org | Facebook | Instagram | LinkedIn

More News From Petsense by Tractor Supply

Back to Newsroom

NewEdge Advisors LLC trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 23.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,600 shares of the specialty retailer’s stock after selling 62,631 shares during the period. NewEdge Advisors LLC’s holdings in Tractor Supply were worth $6,594,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TSCO. BlackRock Inc. acquired a new stake in shares of Tractor Supply during the 2nd quarter worth about $1,500,967,000. California State Teachers Retirement System lifted its stake in shares of Tractor Supply by 2,942.0% during the second quarter. California State Teachers Retirement System now owns 23,260,693 shares of the specialty retailer’s stock valued at $735,865,000 after buying an additional 22,496,041 shares during the period. Norges Bank purchased a new position in shares of Tractor Supply during the fourth quarter valued at approximately $303,862,000. Van ECK Associates Corp grew its stake in Tractor Supply by 2,983.6% in the 2nd quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer’s stock worth $162,632,000 after acquiring an additional 4,978,105 shares during the period. Finally, Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after acquiring an additional 3,753,414 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply In other news, Director Edna Morris acquired 1,560 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andre Hawaux acquired 3,150 shares of Tractor Supply stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the purchase, the director directly owned 3,150 shares in the company, valued at approximately $100,264.50. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 20,310 shares of company stock worth $652,411 in the last three months. 0.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets A number of research analysts have weighed in on the company. DA Davidson reduced their price target on Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Wolfe Research set a $34.00 target price on Tractor Supply in a research note on Thursday, July 16th. Weiss Ratings downgraded Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Barclays set a $35.00 price target on Tractor Supply and gave the stock an “equal weight” rating in a research note on Monday, July 13th. Finally, Zacks Research cut Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Thirteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of “Hold” and an average price target of $39.31. Read Our Latest Stock Report on TSCO

Tractor Supply Price Performance Shares of NASDAQ TSCO opened at $33.01 on Monday. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $60.85. The firm has a fifty day moving average of $33.00 and a 200-day moving average of $36.55. The stock has a market capitalization of $17.31 billion, a PE ratio of 17.19, a P/E/G ratio of 3.56 and a beta of 0.48. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, August 24th. This represents a $0.96 annualized dividend and a yield of 2.9%. Tractor Supply’s dividend payout ratio is currently 50.00%.

(Free Report)

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.

See Also Five stocks we like better than Tractor Supply Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound 3 Small-Cap Biotechs With Binary Catalysts on the Calendar Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.

-

Nationwide event on Saturday, Sept. 12, will showcase locally made goods, with the first 20 customers at each store receiving a limited-edition tote designed by an FFA member

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, is celebrating the people who grow, make, bake and create in communities across the country with its nationwide Harvest Fest on Saturday, Sept. 12. From 10 a.m. to 2 p.m. local time, participating Tractor Supply stores will welcome local farmers, makers, bakers and artisans to sell their goods in a farmers market-style event for the community.

“Out Here, our neighbors grow, make, bake and build incredible things every single day,” said Eric Jackson, Vice President of Marketing at Tractor Supply. “Harvest Fest is an opportunity to celebrate those talents and support local entrepreneurs. Many of these makers shop our aisles every week, so it’s a privilege to showcase their hard work and celebrate the communities that make Life Out Here so special.”

Adding a special FFA connection to this year's Harvest Fest, the first 20 customers at each store will receive a free limited-edition tote designed by FFA member Mia Harman of Bonners Ferry, Idaho. In April, Tractor Supply hosted a design contest for FFA members, inviting students to submit a bag design for the chance to receive a $250 Tractor Supply gift card as well as a $1,000 gift card for their FFA chapter to use toward funding future projects. Mia’s winning design captures the essence of life on the farm with livestock, produce and an idyllic barn, and is centered around the phrase “Rooted in Ag.”

Popular Harvest Fest items include handmade crafts such as birdhouses, wind chimes, jewelry, crocheted items and custom-forged knives; homemade cakes, bread, hot sauce and popcorn; local honey, canned goods, fresh produce and so much more. After attendees fill their totes, they can browse Tractor Supply’s extensive lineup of seasonal farm-inspired accents and Halloween costumes and décor. Customers will also receive a coupon for $1 off Pepsi products with a $5 spend, while supplies last.

To further support FFA members, customers can donate to Tractor Supply’s FFA Future Leaders fundraiser at checkout in-store or online until Sunday, Sept. 20. Donations fund scholarships for FFA members pursuing studies in skilled trades or agriculture-related fields.

For details on your community’s Harvest Fest event, visit your local Tractor Supply store or find a location at TractorSupply.com/store-locator.

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 54,000 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 U.S., 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 June 27, 2026, the Company operated 2,463 Tractor Supply stores in 49 states and 209 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.

More News From Tractor Supply Company

Back to Newsroom

3.16K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, celebrated its top vendor partners for 2026 during its annual Partnership Conference, held Sept. 1 – 3 in Nashville, Tennessee. Honorees were selected for their commitment to innovation, collaboration, service and delivering quality products and value for Tractor Supply customers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260903793966/en/

Hal Lawton, President and CEO of Tractor Supply Company, left, presents the 2026 Company Partner of the Year Award to Cargill at the Tractor Supply annual Partnership Conference, held Sept. 1 – 3 in Nashville, Tennessee.

“Our vendor partners share our dedication to forward-thinking collaboration and to delivering reliable merchandise our customers expect from Tractor Supply,” said Seth Estep, Executive Vice President and Chief Merchandising Officer at Tractor Supply. “Their expertise and partnership help us bring customers the right products at the right value while continually finding new and better ways to support Life Out Here.”

Cargill earned Tractor Supply’s 2026 Company Partner of the Year award for exceptional business growth, customer focus and collaboration over the past year. The Cargill team worked closely with Tractor Supply across marketing, retail media, supply chain, direct sales, store operations and merchandising to drive growth, strengthen customer engagement and deliver the products and solutions customers need. Their ability to collaborate across the business and respond to evolving customer needs helped deliver strong results and create new opportunities for growth.

Across every category, this year's award winners demonstrated what great partnership looks like, bringing innovative products to market, responding quickly to changing customer needs and working alongside Tractor Supply to improve execution and deliver greater value. Their contributions help Tractor Supply better serve customers and support Life Out Here.

Tractor Supply recognized 16 partners across merchandising, digital, supply chain, service, community impact and other areas of the business. The 2026 vendor award winners are:

Company Partner of the Year: CargillAg & Rec Division Partner of the Year: Ragan and Massey, LLCClothing & Gift Division Partner of the Year: Fred DavidCommunity Impact Partner of the Year: PepsiCoCompanion Animal Division Partner of the Year: Nestlé Purina PetCareDigital Partner of the Year: Bluebonnet FeedsEquine, Livestock & Poultry Division Partner of the Year: StandleeExclusive Brand Partner of the Year: KL OutdoorGrower of the Year: New Leaf GrowersInnovation Partner of the Year: Fair Game GroupPetsense Partner of the Year: Golden Pet BrandsRookie of the Year: ProSteel Security Products Inc.Seasonal Division Partner of the Year: Bad Boy MowersService Partner of the Year: American Solutions for BusinessSupply Chain Partner of the Year: Telfair Forest Products, LLCTruck, Tool & Hardware Division Partner of the Year: Lincoln ElectricFor more information about vendor partnerships at Tractor Supply, visit the Company’s Vendor Center.

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 54,000 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 U.S., in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.

As of June 27, 2026, the Company operated 2,463 Tractor Supply stores in 49 states and 209 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/20260903793966/en/

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Behind every FFA Future Leaders Scholarship is a young person with a plan for the future, and a community helping make that plan possible. Today, Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, and the Tractor Supply Company Foundation announced 146 recipients of the 2026 FFA Future Leaders Scholarship. The students, representing 32 states, are pursuing careers ranging from agribusiness, agricultural engineerin.

The specialty pet retailer brings delivery in as fast as an hour to pet lovers nationwide with no markups

, /PRNewswire/ -- Instacart (Nasdaq: CART), a leading grocery technology company in North America, and Petsense by Tractor Supply, a wholly owned subsidiary of Tractor Supply Company (Nasdaq: TSCO), today announced a new partnership making Instacart the exclusive same-day delivery partner for Petsense. Starting today, customers can shop Petsense's large assortment of pet foods and supplies through the Instacart App and website, with same-day delivery in as fast as an hour with no markups.

Petsense by Tractor Supply joins the Instacart Marketplace with no markups for delivery in as fast as an hour "Petsense has built a loyal following among pet owners who care deeply about the wellbeing of their animals," said Blake Wallace, Vice President of Commercial Partnerships. "We're thrilled to be Petsense's exclusive same-day delivery partner, making it easier than ever for customers to get the specialty products their pets love, whenever they need them."

"At Petsense, we believe that ensuring the health and happiness of your pets should be the easiest decision you make in a day," said Shawn Blankenship, Vice President of Petsense by Tractor Supply. "By partnering with Instacart to offer same-day delivery, customers can now receive our top-quality assortment of pet food and supplies in as little as an hour. This partnership represents our commitment to being the most convenient and dependable place to shop for your pets."

With over 130 stores nationwide, Petsense offers a carefully curated selection of boutique and specialty brands, many exclusive to their stores, chosen for their exceptional quality and commitment to pet health and well-being.

Petsense joins more than 2,200 national and local retail banners on the Instacart Marketplace. To welcome Petsense to the Instacart Marketplace, customers can take $10 off their first qualifying $50 Petsense purchase on Instacart* now through September 30 on Instacart.

To start shopping Petsense, customers can visit https://www.instacart.com/store/petsense/storefront or download the Instacart App on their mobile device.

About Instacart

Instacart is a leading grocery technology company that partners with more than 2,200 retail banners -- representing nearly 100,000 stores -- to transform how people shop for the groceries they need from the retailers they trust, while creating flexible earning opportunities for shoppers. Through the Instacart Marketplace, Instacart Enterprise platform, and Instacart Ads ecosystem, the company powers ecommerce, fulfillment, in-store technology, AI offerings, and advertising for partners. For more information, visit www.instacart.com/company. Maplebear Inc. is the registered corporate name of Instacart.

About Petsense by Tractor Supply

Petsense by Tractor Supply, a wholly owned subsidiary of Tractor Supply Company (NASDAQ: TSCO), is a pet specialty retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities. Founded in 2005, Petsense by Tractor Supply specializes in providing a large assortment of pet food, supplies and services, such as grooming and training, and offering customers a tailored experience while providing the top-quality products they need at a price they love. Petsense by Tractor Supply carries a range of nationally recognized brands including Fromm, Orijen, Acana, Purina Pro Plan, Hill's Science Diet, Victor, Royal Canin, and NutriSource. Petsense by Tractor Supply is also committed to promoting responsible pet ownership through pet adoptions, community involvement and education. As of August 25, 2026, the Company operated 209 total Petsense stores across 23 states. For more information on Petsense by Tractor Supply, visit www.Petsense.com.

*$15 off for qualifying customers is valid through 9/30/2026 at 11:59PM PT and is valid only in the United States for your first Petsense order of $50 or more and purchased through Instacart, while supplies last. Discount will be applied to the total purchase price, and excludes taxes, service fees, special handling fees and/or other fees; offer cannot be applied to alcohol products. Deliveries subject to availability. In order to take advantage of this offer, customers must have a valid account on Instacart with a valid form of accepted payment on file. Only one offer per household. Instacart reserves the right to modify or cancel this offer at any time. Offer may not be sold, copied, modified, transferred or used retroactively for prior purchases. Void where restricted or prohibited by law. Offer may not be combined with any other sale, promotion, discount, code, coupon, and/or offer. Offer has no cash value. Instacart is not a retailer or seller. Instacart may not be available in all zip or post codes.

SOURCE Maplebear Inc. dba Instacart

Beacon Pointe Advisors LLC bought a new stake in Tractor Supply Company (NASDAQ:TSCO – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 473,271 shares of the specialty retailer’s stock, valued at approximately $14,960,000. Beacon Pointe Advisors LLC owned about 0.09% of Tractor Supply at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSCO. Garner Asset Management Corp acquired a new stake in Tractor Supply during the 4th quarter worth $25,000. Elevation Wealth Partners LLC grew its holdings in shares of Tractor Supply by 1,253.4% during the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 727 shares during the last quarter. Reflection Asset Management purchased a new position in shares of Tractor Supply during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Tractor Supply during the second quarter worth about $26,000. Finally, Core Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the fourth quarter worth about $27,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Price Performance TSCO stock opened at $34.72 on Friday. The firm has a 50 day moving average of $32.31 and a 200-day moving average of $38.02. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 11.29 and a beta of 0.47. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $62.87.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, equities analysts expect that Tractor Supply Company will post 1.93 EPS for the current fiscal year. Tractor Supply Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 50.00%.

Wall Street Analysts Forecast Growth A number of brokerages have recently issued reports on TSCO. Mizuho set a $28.00 target price on shares of Tractor Supply and gave the stock a “neutral” rating in a research report on Friday, July 24th. Wolfe Research set a $34.00 price target on shares of Tractor Supply in a research note on Thursday, July 16th. Evercore reissued an “outperform” rating and set a $40.00 price objective on shares of Tractor Supply in a research report on Tuesday, July 7th. Wall Street Zen cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Guggenheim set a $40.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a research note on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.31.

View Our Latest Research Report on TSCO

Insider Transactions at Tractor Supply In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the acquisition, the director directly owned 279,720 shares of the company’s stock, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Harry A. Lawton III acquired 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of $32.15 per share, with a total value of $501,540.00. Following the transaction, the chief executive officer owned 15,600 shares of the company’s stock, valued at approximately $501,540. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 20,310 shares of company stock worth $652,411 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

(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.

Featured Articles Five stocks we like better than Tractor Supply 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop?

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.

Advisors Capital Management LLC bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,662 shares of the specialty retailer’s stock, valued at approximately $463,000.

Other institutional investors also recently modified their holdings of the company. Vise Technologies Inc. acquired a new position in shares of Tractor Supply during the 2nd quarter worth about $1,015,000. Somerville Kurt F acquired a new stake in shares of Tractor Supply in the 2nd quarter valued at approximately $711,000. Uptick Partners LLC acquired a new stake in shares of Tractor Supply in the 2nd quarter valued at approximately $210,000. Csenge Advisory Group bought a new position in Tractor Supply during the 2nd quarter worth approximately $2,571,000. Finally, Johnson Financial Group Inc. bought a new position in Tractor Supply during the 2nd quarter worth approximately $126,000. 98.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In A number of research firms recently commented on TSCO. Loop Capital lowered their price objective on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, June 16th. DA Davidson reduced their target price on Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Zacks Research cut Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Raymond James Financial lowered their price target on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Finally, Guggenheim set a $40.00 target price on Tractor Supply and gave the stock a “buy” rating in a research note on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and an average target price of $39.31.

Read Our Latest Stock Analysis on TSCO Insider Buying and Selling at Tractor Supply In other news, Director Edna Morris bought 1,560 shares of the stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the purchase, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Harry A. Lawton III purchased 15,600 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the transaction, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 20,310 shares of company stock valued at $652,411. Corporate insiders own 0.64% of the company’s stock.

Tractor Supply Stock Performance Shares of TSCO stock opened at $34.98 on Friday. The firm has a market capitalization of $18.35 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 11.40 and a beta of 0.47. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The business’s 50-day moving average price is $31.82 and its 200-day moving average price is $38.69. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $62.89.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the business earned $0.81 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities research analysts forecast that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 50.00%.

(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.

Read More Five stocks we like better than Tractor Supply Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.

Alecta Tjanstepension Omsesidigt lessened its stake in Tractor Supply Company (NASDAQ: TSCO) by 22.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,703,400 shares of the specialty retailer's stock after selling 494,300 shares during the quarter. Alecta Tjanstepension Omsesidigt owned

It isn't an everyday occurrence to see an S&P 500 dividend growth stock trading near a 52-week low while its president and CEO is actively buying shares. But that is exactly the case with leading rural lifestyle retailer Tractor Supply Company (TSCO +0.17%).

As a Steady Eddie, S&P 500 stock with a 15-year streak of raising its dividend, Tractor Supply was already on my radar. However, after seeing that its president and CEO, Hal Lawton, was buying $500,000 worth of the company's shares, I thought it was a good time to revisit the stock while it trades near a once-in-a-decade valuation.

A CEO buy signal? While it can be a mistake to read too much into an insider transaction, the recent buying from Tractor Supply's top banana stands out -- especially since the purchases appear to be made with their own personal money. As famed investor Peter Lynch once explained, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."

Image source: Getty Images.

I don't want to assign too much value to Lawton's purchase, but it is a nice sign to see, or at least a helpful tiebreaker for which stock to pick next from my shortlist. Though a $500,000 purchase isn't massive, at least compared to the global stock market's scale -- easy for me to say, having never made a purchase of that size, of course -- the timing of the purchase is interesting nonetheless.

Furthermore, numerous studies have shown that buying alongside insiders has historically been an outperforming proposition, including one study from Leslie A. Jeng, Andrew Metrick, and Richard Zeckhauser, which showed six percentage points of outperformance annually over time.

Today's Change

(

0.17

%) $

0.06

Current Price

$

34.62

Why buy Tractor Supply... The main reason Tractor Supply is on my shortlist of stocks to buy is that it has more than 41 million members who generate more than 80% of the company's total sales. This incredibly loyal customer base is a large reason that TSCO stock has been a 150-bagger since 1994.

TSCO Total Return Level data by YCharts

However, the company has run into a buzzsaw of headwinds over the last year, including:

Shrinking ticket sizes (big-ticket item pullback) A more cautious consumer in general Ever-changing tariff shifts Post-pandemic normalization, after many big-ticket purchases made in 2020 and 2021 have not yet needed to be repeated Whether customers bought the new mower they wanted during COVID-19, are balking at the costs of bigger items due to tariffs, or simply being more cautious in an inflationary environment, Tractor Supply's same-store sales finally turned negative in the last quarter.

That said, the company generates most of its sales from consumable, usable, and edible goods like livestock feed, farm essentials, and pet supplies, so there is a large base of intact sales that is likely never-ending, provided Tractor Supply takes care of its core customers. As the company continues to inch its store count higher (to roughly 3,200 by 2030 from 2,600 today), sales growth should be fine over the longer term. Similarly, after its May acquisition of VIP Petcare -- a mobile veterinary care clinic with 2,700 retail locations -- further sales growth should be unlocked.

...and why now? Whether you prefer to look at earnings before interest, taxes, depreciation, and amortization (EBITDA), or just plain net income, Tractor Supply is valued about as cheaply as it has been over the last decade.

TSCO P/E and EV/EBITDA Ratios data by YCharts

This isn't quite deep-value territory just yet, but it is a pretty great discount for a company with Tractor Supply's track record.

Furthermore, the company's 2.7% dividend yield is well above its 10-year average of 1.5%. Despite raising its dividend payments for 15 straight years, Tractor Supply currently only uses 49% of its net income to fund its payouts, leaving ample room for growth further down the road.

The cherry on top for investors?

Management has reduced the company's shares outstanding by 2.4% annually over the last decade, eliminating one-fifth of its shares along the way and generating even more value for investors.

Thanks to the company's niche-leading operations, loyal members, and once-in-a-decade valuation, I'm pretty confident I'll be buying along with Tractor Supply's president and CEO soon.

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, announced today that Animal Days are back just in time for the dog days of summer. The two-week event celebrates animals of all kinds and the people and organizations that care for them with exclusive deals, giveaways, adoption events and donations. Leashed pets are invited and encouraged to join in the fun during Animal Days and throughout the year. “From the bac.

Harry A. Lawton III, President & CEO of Tractor Supply Company (TSCO +1.38%), purchased 15,600 shares of common stock on Aug. 4, 2026. SEC Form 4 filing

Transaction summaryMetricValueTransaction value$501,540Shares purchased (indirectly held)15,600Post-transaction shares (directly held)523,860Post-transaction shares (indirectly held)17,731Post-transaction value~$17.9 millionTransaction value based on SEC Form 4 weighted average purchase price ($32.15); post-transaction value based on August 04, 2026, market close ($33.12).

Key questionsWhat was the structural nature of this transaction?
The acquisition was completed indirectly through an Irrevocable Trust, representing a 732% increase in the CEO's total indirect holdings. Prior to this trade, indirect ownership consisted of 2,131 shares held through a stock purchase plan.How does this purchase impact the CEO's total ownership profile?
Following the transaction, the CEO maintains a total beneficial ownership of 541,591 shares. This consists of ~524,000 shares held directly and 17,731 shares held indirectly across the Irrevocable Trust and a stock purchase plan.What contextual adjustments were disclosed in the filing?
Footnotes in the SEC filing indicate a downward clerical correction of 111,155.746 shares to previously reported direct ownership balances. This adjustment was made to resolve errors in prior reporting and does not represent a market-based disposition of stock.What is the company snapshot for Tractor Supply Company?
Tractor Supply Company is a prominent retailer catering to the rural lifestyle demographic throughout the United States. As of the Aug. 4, 2026 market close, the firm maintained a market capitalization of $17.4 billion and reported trailing-twelve-month revenue of $15.8 billion.Company OverviewMetricValueShare Price (as of market close 2026-08-04)$33.12Market Capitalization$17.4 billionRevenue (TTM)$15.8 billionNet Income (TTM)$1.0 billionCompany SnapshotTractor Supply Company operates as a specialty retailer offering a comprehensive product portfolio, including equine and livestock supplies, pet care products, hardware, tools, towing equipment, seasonal goods, and power tools, generating revenue across multiple categories and serving the rural-lifestyle consumer.The company operates a retail-based business model with physical store locations throughout the United States, providing convenient access to essential supplies and equipment for rural and agricultural customers while maintaining operational scale across 52,000 employees.The company primarily serves rural consumers, agricultural operators, and lifestyle-oriented customers across the United States who require specialized products for animal husbandry, property maintenance, and outdoor living.Tractor Supply Company represents a significant player in specialty retail with a market capitalization of $17.4 billion and TTM revenues of $15.8 billion, positioning it as a leading retailer focused on the rural lifestyle demographic. The company's diversified product offering across animal care, tools, hardware, and seasonal goods provides multiple revenue streams while serving an underserved market segment with specialized retail infrastructure. With a net profit margin of approximately 6.3% on TTM revenues, the company demonstrates operational efficiency in serving its core customer base across the United States.

What this transaction means for investorsPresident and CEO Lawton’s purchase is certainly eye-catching for a number of reasons. A Peter Lynch quote sums up the first reason why this is a noteworthy event, saying, “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." While Lawton’s purchase isn’t massive -- though farbeit for me to say half a million isn’t a massive investment -- it’s his own money and he’s adding to a stock that has seemingly been overly punished lately.

This brings us to the second reason the deal should be interesting to current or prospective shareholders. Tractor Supply stock is down 44% over the last year, and Lawton seems to think the shares may be due for a turnaround at today’s price. The company currently trades with an EV/EBITDA ratio of just 13 and P/E ratio of 18, following its decline, so the market isn’t demanding massive growth from the steady rural lifestyle retailer. Best of all for investors, its 2.5% dividend yield remains well-funded and is near an all-time high.

With Tractor Supply home to over 41 million loyalty members that help generate more than 80% its sales, the company’s customer base is immensely loyal and will help it survive tough times like today’s. Yes, same-store sales decreased by 1.5% last quarter thanks to the ongoing cautious consumer spending environment, but this should prove to be temporary, like it always has over Tractor Supply’s 86 years of operations.

Josh Kohn-Lindquist has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tractor Supply. The Motley Fool recommends the following options: short October 2026 $35 calls on Tractor Supply. The Motley Fool has a disclosure policy.

Key Takeaways Tractor Supply's 16.7X forward valuation comes as operating expectations have weakened.Adjusted 2026 EPS guidance fell to $1.90-$2.00, with comparable sales seen down 1% to flat.Digital growth, pet expansion and strong cash flow support investment while demand remains soft. Tractor Supply Company (TSCO - Free Report) trades well below its historical valuation norm, but the discount has arrived alongside lower earnings expectations and continued pressure on discretionary demand. That makes the valuation reset less straightforward than the headline multiple suggests.

Investors have to weigh cheaper pricing against weaker earnings visibility, elevated costs and management’s effort to restore comparable-sales momentum. Digital growth, pet initiatives and healthy cash generation provide offsets, but the near-term investment signals remain cautious.

TSCO's Valuation Discount Comes With Trade-OffsTSCO trades at 16.7X forward 12-month earnings, well below its five-year median of 22.9X. That gap shows how far the stock’s valuation has reset as operating expectations have weakened.

Image Source: Zacks Investment Research

The relative-value picture is less decisive. TSCO’s multiple remains above the Retail - Miscellaneous sub-industry’s 15.6X. The Home Depot, Inc. (HD - Free Report) and Lowe’s Companies, Inc. (LOW - Free Report) are useful adjacent-demand references because both serve home-improvement spending. Each reported 0.6% comparable-sales growth in its first fiscal quarter of 2026, pointing to a restrained backdrop across related discretionary categories.

Tractor Supply Faces Falling Earnings EstimatesThe Zacks Consensus Estimate for fiscal 2026 earnings is $1.93 per share, below the $2.06 earned in 2025. The current-fiscal-year earnings estimate has fallen 8.6% over the past four weeks and 9.8% over the past 12 weeks.

Management’s revised outlook reinforces that pressure. Tractor Supply now expects adjusted 2026 earnings of $1.90-$2.00 per share after lowering its earlier forecast of $2.13-$2.23. Comparable sales are projected to range from a 1% decline to flat, while adjusted operating margin is expected at 8.5%-8.8%.

TSCO Still Has Durable Growth LeversThe business still has several initiatives that can improve customer engagement and store productivity. Digital sales increased at a double-digit rate in the second quarter, helped by delivery from store, higher traffic and better conversion. Final Mile deliveries in the first half already matched the total completed in all of 2025, prompting an accelerated rollout.

Project Fusion remodels, localization and pet expansion add more avenues for growth. VIP Petcare complements Allivet by linking veterinary services, prescriptions and merchandise. Fresh and frozen pet offerings are also expanding, with the program on track to reach at least 700 stores by year-end.

Tractor Supply's Balance Sheet Supports InvestmentTractor Supply generated $653.1 million of operating cash flow in the first half of 2026 despite higher inventory investment and $435.7 million of capital expenditures. It ended the second quarter with $231.6 million in cash and cash equivalents.

The company also returned $260.9 million to shareholders in the second quarter through $135.3 million of share repurchases and $125.6 million of dividends. That cash generation gives Tractor Supply capacity to keep funding stores, remodels, digital initiatives and shareholder returns while demand remains soft.

TSCO's Signals Keep the Buy Case in CheckThe lower valuation alone does not make the near-term buy case convincing. TSCO currently carries a Zacks Rank #5 (Strong Sell). Because the Zacks Rank is driven by earnings-estimate revisions over a one- to three-month horizon, the current signal favors caution while estimates continue to move lower.

TSCO also has a VGM Score of F, a Value Score of D, a Growth Score of D and a Momentum Score of F. The Style Scores complement the Zacks Rank, with higher grades indicating more favorable characteristics. Taken together, the current readings support waiting for clearer earnings and operating improvement before viewing the valuation reset as a more attractive entry point.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.