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Tractor Supply (TSCO)
NASDAQ:TSCO
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.35Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call struck a cautiously optimistic tone. Tractor Supply reported steady full‑year growth, expanding gross margin year‑over‑year, continued digital strength, strong customer engagement and meaningful progress on strategic initiatives (direct sales, final mile, Allivet) and store expansion. However, the fourth quarter lagged expectations due to elevated promotions, discretionary big‑ticket and holiday weakness, tariff and delivery cost pressure, and regional storm lapping that created a modest comp headwind. Management provided constructive 2026 guidance and emphasized that many Q4 headwinds were transitory while continuing to invest in long‑term growth, leading to a positive outlook overall.Company Guidance
Full-Year Sales and EPS Growth
Fiscal 2025 net sales increased 4.3% to $15.5 billion, driven by new store growth and comparable store sales of +1.2%. Full-year diluted EPS was $2.06, reflecting disciplined execution while funding strategic investments.
Fourth Quarter Sales and Digital Strength
Q4 net sales grew 3.3% to $3.9 billion with comparable store sales up 0.3%. Diluted EPS for the quarter was $0.43. Digital sales delivered high single-digit growth, contributing meaningfully to omnichannel performance.
Customer Engagement and Loyalty
Identified customer counts increased ~2%; Neighbor's Club represented more than 80% of sales. Customer service scores reached all-time highs and high‑value customer retention remained strong.
Store Expansion and Supply Chain Productivity
Opened 99 Tractor Supply stores in 2025 with robust early new-store productivity. Nearly 60% of stores are in the Project Fusion format and 160 stores were localized. Distribution centers achieved mid-single-digit productivity improvements; first bulk DC opened and an 11th DC was started.
Progress on Strategic Initiatives (Direct Sales, Final Mile, Allivet)
Direct sales: ~50 specialists covering 375 stores with December monthly sales >$2M and a stated ~ $50M sales target for 2026 as the program doubles its sales force. Final Mile: expanded to 210 delivery centers (~25% store coverage) in 2025 with plans for ~375 hubs (>50% coverage) in 2026. Allivet (pet & animal prescriptions) delivered approximately $100 million in sales for the year.
Positive 2026 Guidance and Capital Allocation
Company guided to 2026 total sales growth of 4%–6% and comp sales growth of 1%–3%, diluted EPS of $2.13–$2.23, operating margin of 9.3%–9.6%, net capital spending of $675M–$725M, ~100 new stores, and $375M–$450M of share repurchases.
Margin Improvement Over the Year and Tech/AI Adoption
Full-year gross margin expanded ~16 basis points year-over-year. The company expanded enterprise AI usage (including OpenAI) to improve forecasting, inventory flow and team productivity and expects continued gross-margin tailwinds from exclusive brands, retail media and supply chain efficiencies.
TSCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $55.14 | $50.96 | -7.58% |
Oct 23, 2025 | $54.59 | $56.10 | +2.77% |
Jul 24, 2025 | $59.14 | $58.86 | -0.47% |
Apr 24, 2025 | $50.09 | $48.38 | -3.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tractor Supply (TSCO) report earnings?
Tractor Supply (TSCO) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Tractor Supply (TSCO) earnings time?
Tractor Supply (TSCO) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSCO EPS forecast?
TSCO EPS forecast for the fiscal quarter 2026 (Q1) is 0.35.