Tractor Supply (TSCO)
NASDAQ:TSCO
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.86Last Year’s EPS
0.81Same Quarter Last Year
Moderate Buy
Based on 21 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally constructive operational picture: Tractor Supply showed solid top-line growth, record new-store openings with strong productivity, stable gross margins, robust digital and final-mile momentum, and progress on strategic initiatives (localization, exclusive brands, pet Rx). However, the companion animal category remains a clear headwind (just over a 100 basis point drag in Q1) with softer new-customer acquisition and some SG&A deleverage from investments and accelerated store openings. Management reaffirmed full-year guidance and emphasized disciplined execution and targeted investments to address pet assortment and fulfillment — overall the positives (store growth, digital, margin stability, strategic progress) outweigh the current pet-related and cost pressures.Company Guidance
Net Sales Growth and Revenue
Net sales increased 3.6% year-over-year to $3.59 billion in Q1 2026, demonstrating top-line growth driven primarily by new store openings.
Record New Store Growth and Productivity
Opened a record 40 Tractor Supply stores in the quarter; new store productivity remained strong in the 65%–70% range, and new store sales outperformed expectations in timing and cadence.
Comparable Sales and Transaction Metrics
Comparable store sales increased 0.5% with average ticket up 1.6% (driven ~150 basis points by retail price inflation and mix) while transactions declined 1%, signaling ticket-led growth.
Stable Gross Margin
Gross margin rate was 36.2%, flat year-over-year, reflecting supply chain efficiencies and effective cost management despite headwinds from tariffs, cost inflation and higher digital/delivery mix.
Digital and Subscription Strength
Digital business delivered strong double-digit growth in Q1; online pet grew mid-teens and subscription grew triple-digits, contributing to improved traffic and conversion online and driving omnichannel momentum.
Final Mile & Fulfillment Momentum
Final Mile delivery volume was up double digits year-over-year; company expanding hubs (200+ last year and ~176 planned this year) to scale delivery, lower cost to serve and enable large-format deliveries.
Localization and Store Experience Improvements
More than 200 stores have been localized with improved performance and stronger customer engagement; roughly 60% of stores are in the Fusion format and remodeled/converted stores are outperforming older stores.
Seasonal and Big-Ticket Strength
Seasonal and big-ticket categories outperformed chain average with strength in tractors/riders, generators, welding and zero-turn mower lineup; Chick Days and live-goods/garden center initiatives are driving traffic.
Exclusive Brands and Services Traction
Field & Stream on track to exceed $100 million in sales this year; continued expansion of exclusive brands and services (Pet wash >1,200 locations, PetVet mobile clinics with ~25% 2-year stack) driving differentiation and frequency.
Capital Return and Guidance Reaffirmation
Dividend increase in February marked the 17th consecutive year of dividend raises; management reaffirmed full-year 2026 guidance and targets comp sales growth of 1%–3% for each remaining quarter.
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 |
|---|---|---|---|
Apr 21, 2026 | $44.81 | $39.57 | -11.69% |
Jan 29, 2026 | $54.89 | $50.73 | -7.58% |
Oct 23, 2025 | $54.35 | $55.85 | +2.77% |
Jul 24, 2025 | $58.88 | $58.60 | -0.47% |
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 Jul 23, 2026, Before Open (Confirmed).
What is Tractor Supply (TSCO) earnings time?
Tractor Supply (TSCO) earnings time is at Jul 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 (Q2) is 0.86.