Tractor Supply Company Reports Third Quarter 2026 Financial Results; Reaffirms Fiscal Year 2026 Outlook
Tractor Supply reported Q3 2026 net sales of $3.91 billion, up 5.1% year-over-year, with comparable store sales up 0.4% on top of 3.9% growth last year. Profitability deteriorated: gross margin compressed to 36.4% from 37.4% on higher transportation costs and price investments, and diluted EPS fell 11.6% to $0.43 from $0.49. Comps improved sequentially through the quarter (negative in July to strengthening in September), aided by double-digit digital growth, though big-ticket and companion-animal categories stayed soft.
Key figures
- Eps
- 0.43
- Revenue
- 3910455000
- Guidance
- FY26: net sales +2.5% to +3.5%; comps (1%) to flat; adjusted operating margin 8.5%-8.8%; net income $930M-$990M; adjusted net income $990M-$1.05B; EPS $1.78-$1.88; adjusted EPS $1.90-$2.00 (reaffirmed)
- Revenue Yoy
- 5.1%
- Sga
- 1120000000
- Net income
- 224700000
- Store count
- 2486
- Gross margin
- 36.4%
- Net income yoy
- -13.3%
- Operating income
- 307700000
- Capex nine months
- 651600000
- Dividends paid q3
- 124900000
- Digital sales growth
- double-digit
- New stores opened q3
- 23
- Operating income yoy
- -10.2%
- Share repurchases q3
- 88500000
- Comparable store sales
- 0.4%
- Prior year gross margin
- 37.4%
- Petsense stores closed q3
- 74
AI analysis
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