Tractor Supply (NASDAQ:TSCO) Issues Quarterly Earnings Results

Tractor Supply (NASDAQ:TSCO) announced its quarterly earnings data on Thursday. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01), FiscalAI reports. The company 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 42.58% and a net margin of 6.91%.Tractor Supply’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 earnings per share. 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 Performance

NASDAQ TSCO traded up $0.69 on Thursday, hitting $30.05. The stock had a trading volume of 10,886,914 shares, compared to its average volume of 9,682,505. The company’s 50-day moving average is $30.63 and its two-hundred day moving average is $41.45. Tractor Supply has a one year low of $28.36 and a one year high of $63.99. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 6.43 and a beta of 0.46. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86.

Tractor Supply Announces Dividend

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

Wall Street Analysts Forecast Growth

TSCO has been the subject of several research analyst reports. Mizuho set a $32.00 price objective on Tractor Supply and gave the company a “neutral” rating in a report on Thursday, July 9th. Morgan Stanley lowered their price target on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Raymond James Financial dropped their price target on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Wells Fargo & Company decreased their price objective on shares of Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Hold” and a consensus target price of $40.88.

Tractor Supply News Roundup

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

• Negative Sentiment: Tractor Supply missed second-quarter expectations, reporting $0.81 EPS versus estimates of $0.82-$0.83 and revenue of $4.54 billion versus the $4.58 billion consensus. Tractor Supply Company Reports Second Quarter 2026 Financial Results; Updates Fiscal Year 2026 Outlook
• Negative Sentiment: The company lowered FY2026 sales guidance to 2.5%-3.5% growth from 4%-6% previously, and also reduced EPS guidance to $1.90-$2.00, below Wall Street’s expectations. Tractor Supply Cuts Outlook Following Tough Quarter
• Negative Sentiment: Management pointed to a weak May and a tougher operating environment, which raises concern that demand trends may be softening despite the retailer’s long-term story. Weak May Was the Culprit: Tractor Supply Says Long-Term Demand Is Intact
• Neutral Sentiment: Shares saw notable pre-earnings options activity and the company also launched Instacart same-day delivery from 2,400 stores, but these items are secondary to the earnings and guidance reset. Tractor Supply (TSCO) Launches Instacart Same Day Delivery From 2,400 Stores

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSCO. JPL Wealth Management LLC bought a new stake in Tractor Supply during the 3rd quarter valued at $28,000. DV Equities LLC bought a new position in shares of Tractor Supply in the fourth quarter worth $37,000. Wealth Watch Advisors INC grew its stake in shares of Tractor Supply by 276.8% in the fourth quarter. Wealth Watch Advisors INC now owns 795 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 584 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Tractor Supply by 22.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer’s stock worth $63,000 after purchasing an additional 220 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Tractor Supply during the second quarter valued at $83,000. 98.72% of the stock is owned by institutional investors.

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.