Tractor Supply Q3 FY2026: EPS beat, profit down 13.3%
Tractor Supply beat the $0.4159 consensus with $0.43 of diluted EPS, but net income fell 13.3% and gross margin dropped a full point to 36.4%. Sales rose 5.1% to $3.91 billion on new stores and the VIP Petcare deal while comparable transactions slipped 0.3%. Read the scorecard as a volume story propped up by square footage, not a profit recovery.
1 · Expected vs. Actual
Free preview belowDiluted EPS fell 11.6% to $0.43 from $0.49 a year ago, which still beat the $0.4159 consensus by about $0.01. The decline is a margin story: gross margin dropped to 36.4% from 37.4% and operating margin to 7.9% from 9.2%, so operating income fell 10.2% to $307.7 million.
Revenue rose 5.1% to $3.91 billion from $3.72 billion, but only 0.4% of that came from stores open a year or more. The rest came from 23 new Tractor Supply stores, the VIP Petcare acquisition and double-digit digital growth, while comparable transactions actually fell 0.3% and average ticket rose 0.7%.
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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 2026-11-06
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