Tractor Supply (NASDAQ:TSCO) Issues Earnings Results

Tractor Supply (NASDAQ:TSCO) released its quarterly earnings data on Thursday. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01), FiscalAI reports. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Tractor Supply updated its FY 2026 guidance to 1.900-2.000 EPS.

Here are the key takeaways from Tractor Supply’s conference call:

• Tractor Supply cut its 2026 outlook, now expecting net sales growth of about 2.5%-3.5%, comparable sales of -1% to flat, and adjusted EPS of $1.90-$2.00 after second-quarter results came in below expectations.
• The company said May was unusually weak because of high fuel prices and drought in key southeastern markets, which hurt discretionary spring categories and reduced second-quarter comp sales by about two percentage points.
• Management said its pet turnaround is gaining traction, with sequential improvement from Q1, Freshpet expansion to about 250 stores, and plans to reach at least 700 stores by year-end.
• The company is making major portfolio and capital allocation changes, including closing about 75 underperforming Petsense stores, reducing 2027 new-store openings to 85-90 from 100, and redirecting capital toward remodels, store locations, and Final Mile delivery.
• Management said Final Mile is scaling faster than expected, with first-half 2026 deliveries already matching all of 2025 and an accelerated rollout now planned. The company also highlighted strong digital growth and better price perception from its Unbeatable Price campaign.

Tractor Supply Stock Up 2.3%

Shares of NASDAQ:TSCO opened at $31.02 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The firm has a market cap of $16.27 billion, a P/E ratio of 16.16, a P/E/G ratio of 6.94 and a beta of 0.46. Tractor Supply has a 12 month low of $28.36 and a 12 month high of $62.89. The company’s 50-day moving average price is $30.63 and its two-hundred day moving average price is $41.24.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors 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 annualized dividend and a yield of 3.1%. Tractor Supply’s dividend payout ratio is 50.00%.

Analyst Upgrades and Downgrades

TSCO has been the topic of several recent analyst reports. Gordon Haskett boosted their price target on Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Evercore reiterated an “outperform” rating and set a $40.00 price objective on shares of Tractor Supply in a research note on Tuesday, July 7th. UBS Group set a $33.00 price objective on Tractor Supply and gave the company a “neutral” rating in a report on Tuesday, July 14th. Daiwa Securities Group lowered their target price on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, Citigroup reiterated a “buy” rating on shares of Tractor Supply in a research report on Thursday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.65.

Institutional Trading of Tractor Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSCO. State Street Corp lifted its stake in shares of Tractor Supply by 0.7% in the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after purchasing an additional 162,774 shares during the period. Invesco Ltd. raised its holdings in shares of Tractor Supply by 18.4% during the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after acquiring an additional 2,706,819 shares during the period. Select Equity Group L.P. boosted its position in shares of Tractor Supply by 41.9% during the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after buying an additional 3,753,414 shares during the period. Morgan Stanley boosted its holdings in Tractor Supply by 16.4% during the fourth quarter. Morgan Stanley now owns 10,622,335 shares of the specialty retailer’s stock worth $531,223,000 after purchasing an additional 1,497,130 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Tractor Supply by 12.7% in the 4th quarter. Victory Capital Management Inc. now owns 5,080,713 shares of the specialty retailer’s stock valued at $254,086,000 after acquiring an additional 572,052 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

More Tractor Supply News

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Tractor Supply is expanding delivery options by launching Instacart same-day delivery from 2,400 stores, which could support convenience-driven sales and help offset softer in-store demand. Tractor Supply (TSCO) Launches Instacart Same Day Delivery From 2,400 Stores
• Neutral Sentiment: Analysts remain mixed after earnings, with Telsey Advisory Group trimming its price target to $38 while keeping an outperform rating, and Bank of America maintaining a hold rating with a $33 target. Telsey Advisory Group price target cut
• Neutral Sentiment: Tractor Supply reported second-quarter EPS of $0.81 and revenue of $4.54 billion, both slightly below expectations, while revenue still rose 2.3% year over year. Quarterly financial results
• Negative Sentiment: The company cut its full-year outlook, now guiding for EPS of $1.90 to $2.00 and revenue of $15.9 billion to $16.1 billion, below prior expectations, as it cited a tough May quarter and softer demand for discretionary and pet-related purchases. WSJ outlook cut article
• Negative Sentiment: Tractor Supply said it will close 75 Petsense stores, including six in Arkansas, signaling a restructuring of its pet business and pressure in that segment. Petsense store closure article

About Tractor Supply

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.