Tractor Supply Company: Beat — EPS $0.43, Revenue $3.91B
Earnings BeatQ3 2026 · Pre-market
Did Tractor Supply Company (TSCO) beat earnings today?
Yes, Tractor Supply Company (TSCO) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+4.88% surprise
$0.43Actual
Expected: $0.41
vs. year ago -12.2%
Total Revenue+2.72% surprise
$3.91BActual
Expected: $3.81B
vs. year ago +5.1%
Released Oct 22 · 6:55 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net sales | $3.91B | $3.72B | +5.1% |
| Net income | $224.67M | $259.27M | -13.3% |
| Basic EPS | $0.43 | $0.49 | -12.2% |
| Diluted EPS | $0.43 | $0.49 | -11.6% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Net Sales | — | +2.5% to +3.5% |
| Comparable Store Sales | — | (1%) to flat |
| Operating Margin Rate | — | 8.0% to 8.3% |
| Adjusted Operating Margin Rate | — | 8.5% to 8.8% |
| Net Income | — | $930M-$990M |
| Adjusted Net Income | — | $990M-$1.05B |
| Earnings per Diluted Share | — | $1.78-$1.88 |
| Adjusted Earnings per Diluted Share | — | $1.90-$2.00 |
Business Highlights
- ➤Opened 23 new Tractor Supply stores during the third quarter.
- ➤Closed 74 Petsense by Tractor Supply stores as previously announced.
- ➤Operated 2,486 Tractor Supply stores across 49 states at quarter-end.
- ➤Operated 135 Petsense by Tractor Supply stores across 21 states at quarter-end.
- ➤Acquired VIP Petcare, a mobile veterinary-care provider.
- ➤Seasonal categories included wildlife supplies, equine & livestock, and truck, tool & hardware.
- ➤Actions focused on value, pet, digital and convenience gained traction.
- ➤Returned $213.4M to shareholders through repurchases and dividends.
- ➤Operates Allivet, an online pet and animal pharmacy, within its family of brands.
Management Commentary
Hal Lawton, President and Chief Executive Officer of Tractor Supply
“Our third quarter marked a step forward for Tractor Supply, with improved sales momentum and broader strength across our business. The actions we are taking around value, pet, digital and convenience gained traction in the quarter. I want to thank our more than 54,000 Team Members for their dedication to serving our customers every day. We are moving with urgency to sharpen our strategic priorities, drive productivity and make deliberate choices about where we invest our capital and resources. These efforts are designed to accelerate comparable store sales growth, restore operating margins and deliver attractive long-term shareholder returns. Our progress in the quarter and the actions underway give us confidence in our ability to deliver within our full-year guidance, which we are reaffirming today. As we head into the fourth quarter, our focus remains on being the dependable supplier our customers count on throughout the winter season,”