Tractor Supply (NASDAQ:TSCO) Releases Earnings Results

Tractor Supply (NASDAQ:TSCO) released its quarterly earnings data on Thursday. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01), FiscalAI reports. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. Tractor Supply’s revenue for the quarter was up 2.3% on a year-over-year basis. 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 Trading Down 1.2%

Shares of TSCO traded down $0.38 on Friday, hitting $29.95. 1,608,716 shares of the stock traded hands, compared to its average volume of 9,735,480. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $15.70 billion, a P/E ratio of 14.63, a P/E/G ratio of 6.37 and a beta of 0.46. The stock’s 50 day moving average is $30.62 and its two-hundred day moving average is $41.31. Tractor Supply has a 1 year low of $28.36 and a 1 year high of $62.89.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, May 27th. Tractor Supply’s payout ratio is currently 47.06%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TSCO shares. UBS Group set a $33.00 price target on shares of Tractor Supply and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Guggenheim set a $40.00 price objective on Tractor Supply and gave the company a “buy” rating in a report on Friday. Bank of America assumed coverage on Tractor Supply in a report on Tuesday, April 7th. They set a “neutral” rating and a $47.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $38.00 target price on shares of Tractor Supply in a report on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.81.

Key Headlines Impacting Tractor Supply

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

• Positive Sentiment: Telsey Advisory Group lowered its price target on Tractor Supply to $38 from $40 but kept an Outperform rating, implying the stock still has meaningful upside from the current price.
• Positive Sentiment: Tractor Supply launched Instacart same-day delivery from 2,400 stores, a move that could support convenience-focused sales and broaden access to customers. Instacart same day delivery article
• Neutral Sentiment: Bank of America Securities maintained a Hold rating and kept its price target at $33, signaling a wait-and-see stance after the earnings reset. Bank of America hold rating article
• Neutral Sentiment: The company said it is balancing growth initiatives with near-term strain, suggesting management still sees longer-term demand but acknowledges current operating pressure. Earnings call highlights article
• Negative Sentiment: Second-quarter EPS of $0.81 missed estimates, revenue came in at $4.54 billion versus expectations, and comparable sales fell, underscoring weaker discretionary demand. Q2 earnings miss article
• Negative Sentiment: Tractor Supply cut full-year guidance, lowering expected sales growth to 2.5% to 3.5% from 4% to 6%, which is a key reason the stock is being sold off. Outlook cut article

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Advyzon Investment Management LLC increased its holdings in Tractor Supply by 4.3% during the 4th quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer’s stock worth $223,000 after purchasing an additional 183 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Tractor Supply by 22.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer’s stock worth $63,000 after buying an additional 220 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Tractor Supply by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 56,698 shares of the specialty retailer’s stock worth $2,835,000 after buying an additional 222 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its stake in Tractor Supply by 2.8% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,651 shares of the specialty retailer’s stock valued at $549,000 after acquiring an additional 266 shares during the last quarter. Finally, Colonial Trust Co SC grew its holdings in Tractor Supply by 8.9% during the 4th quarter. Colonial Trust Co SC now owns 3,514 shares of the specialty retailer’s stock worth $176,000 after acquiring an additional 288 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Company Profile

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.