Tractor Supply Q1 sales growth short of estimates on weak companion animal business

Tractor Supply Co

21/04/2026 12:04

Overview

U.S. rural lifestyle retailer's Q1 net sales grew 3.6% yr/yr, missing analyst expectations

Diluted EPS for Q1 fell 7.2% yr/yr; comparable store sales rose 0.5%

Company reaffirmed fiscal 2026 outlook

Outlook

Tractor Supply reaffirms 2026 net sales growth of 4% to 6%

Company expects 2026 comparable store sales growth of 1% to 3%

Tractor Supply sees 2026 diluted EPS of $2.13 to $2.23

Result Drivers

NEW STORE OPENINGS - Net sales growth was primarily driven by robust new store openings, with new stores accounting for 3.1% of total sales

DIGITAL SALES - Co reported strong double-digit growth in digital sales

COMPANION ANIMAL WEAKNESS - Companion animal sales trailed company average due to softer demand, category shifts and unfavorable product mix

Company press release: ID:nBwvhkj0a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$3.59 bln
$3.64 bln (23 Analysts)
Q1 EPS
$0.31
Q1 Gross Margin
36.20%
Q1 Comparable Store Sales Growth
0.50%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 15 "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 Co is $56.00, about 25% above its April 20 closing price of $44.81

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

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.)