Tractor Supply Company (TSCO) Earnings
Tractor Supply Company is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.86. TSCO has beaten EPS estimates in 3 of its last 12 reported quarters (average surprise -3.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | $0.35 | $0.31 | -11.4% | $3.6B | -1.1% |
| Jan 29, 2026 | $0.46 | $0.43 | -6.5% | $3.9B | +6.3% |
| Oct 23, 2025 | $0.48 | $0.49 | +1.6% | $3.7B | +0.1% |
| Jul 24, 2025 | $0.80 | $0.81 | +1.0% | $4.4B | +1.0% |
| Apr 24, 2025 | $0.37 | $0.34 | -7.6% | $3.5B | -1.9% |
| Jan 30, 2025 | $2.28 | $0.44 | -80.7% | $3.8B | -0.2% |
| Oct 24, 2024 | $0.45 | $0.45 | +0.6% | $3.5B | -0.4% |
| Jul 25, 2024 | $3.92 | $0.79 | -79.8% | $4.2B | -0.9% |
| Apr 25, 2024 | $1.72 | $0.37 | -78.5% | $3.4B | -0.1% |
| Feb 1, 2024 | $0.44 | $0.46 | +4.5% | $3.7B | -0.4% |
| Oct 26, 2023 | $0.45 | $0.47 | +4.4% | $3.4B | -1.7% |
| Jul 27, 2023 | $0.78 | $0.77 | -1.3% | $4.2B | -1.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 21, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Thanked over 52,000 team members. Retail environment cautious but stable, spending on needs. Farm and ranch gained share, pet pressured but holding share. Needs-based model resilient. Q1 had weather-driven phases. Executed well, advanced new stores, exclusive brands, SG&A control. Net sales driven by new stores. Diluted EPS $0.31. Companion animal actions: expand fresh pet, cat assortment, services. Seasonal categories performed, big ticket above chain average. Digital business strong with platform enhancements. Progress on Life Out Here 2030 priorities: localization, direct sales, Final Mile, Pet and Animal Rx.
Guidance
Reaffirmed full-year 2026 guidance. Target comp sales growth 1%-3% for remaining quarters. Gross margin to strengthen in second half. S&AD leverage higher in first half. 11th distribution center on schedule, shipping in early Q4, ~$10M incremental expense this year. Tariffs environment fluid, no assumption of refund benefit in outlook.
Segment performance
Net sales increased 3.6% to $3.59 billion, driven by new store openings. Comparable store sales increased 0.5%, with average ticket up 1.6% and transactions down 1%. Four of five product categories were positive. Companion animal performance was a headwind, with a 100 basis point drag on comparable store sales. Pet category is 80% dog, 20% cat vs market 60-40. Farm and ranch saw share gains. Digital business had strong double-digit growth.
Risks & headwinds
Retail environment uncertainties. Weather impact on sales. Tariff costs and freight pressure. Consumer spending cautiously, affecting discretionary. Competition in pet and other categories.