Tractor Supply Q3 sales beat, helped by new store openings and VIP Petcare acquisition

Tractor Supply

Today 12:04

Overview
US rural retailer's Q3 net sales rose 5.1%, beating analyst expectations
Comparable store sales grew 0.4%, with digital and seasonal categories offsetting big-ticket softness
Diluted EPS for Q3 fell 11.6% to $0.43

Outlook
Tractor Supply reaffirms 2026 net sales growth of 2.5% to 3.5%
Company expects 2026 comparable store sales between down 1% and flat
Company sees 2026 net income of $930 mln to $990 mln

Result Drivers
STORE OPENINGS & ACQUISITION - Co said net sales growth was driven by new store openings and VIP Petcare acquisition
SEASONAL & DIGITAL SALES - Strong sales in seasonal and consumable categories, plus double-digit digital growth, contributed to Q3 performance
CATEGORY SOFTNESS - Continued weakness in big-ticket and companion animal categories partially offset gains

Company press release: ID:nBwcbsjn7a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$3.91 bln
$3.82 bln (23 Analysts)
Q3 EPS
 
$0.43
 
Q3 Gross Margin
 
36.4%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 16 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Tractor Supply Company is $35.50, about 8.6% above its October 21 closing price of $32.69
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)