Tractor Supply Q2 FY2026: sales up 2.3%, EPS down 14.9%
Tractor Supply's fiscal 2026 second quarter missed on both the quality of sales and the bottom line: revenue rose 2.3% to $4.54 billion, but comparable store sales fell 1.5% and GAAP EPS dropped to $0.69 from $0.81. Adjusted EPS of $0.81 also landed under the $0.8317 consensus estimate. Management cut full-year guidance and withdrew its long-term framework, so the read is that traffic and cost problems are worsening rather than easing.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS fell 14.9% to $0.69 from $0.81, and adjusted EPS of $0.81 missed the $0.8317 consensus. The $0.12 gap between GAAP and adjusted is $81.2 million of pretax Petsense restructuring and VIP Petcare acquisition costs. Even after stripping those out, adjusted operating income fell 5.1%.
Net sales rose 2.3% to $4.54 billion from $4.44 billion, but virtually all of that came from 28 new Tractor Supply stores and three new Petsense stores — comparable store sales fell 1.5%. Traffic was the problem: comparable transaction count dropped 1.7% while average ticket rose just 0.2%. May was the culprit, with positive comps in April and June.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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