Tractor Supply Q3 sales up on new store openings

Tractor Supply Co

23/10/2025 12:04

Overview

Tractor Supply Q3 2025 net sales rise 7.2% to $3.72 bln, beating analyst expectations

Comparable store sales grew 3.9%, driven by seasonal and core category strength

Diluted EPS for Q3 2025 increased to $0.49

Outlook

Tractor Supply narrows FY 2025 net sales growth to 4.6%-5.6%

Company expects FY 2025 EPS of $2.06 to $2.13

Tractor Supply forecasts FY 2025 net income of $1.09 bln to $1.14 bln

Result Drivers

COMPARABLE STORE SALES - Growth driven by strength in seasonal products and core categories, particularly consumable, usable, and edible products

GROSS MARGIN IMPROVEMENT - Focus on product cost management and low price strategy improved gross margin, offset by tariff and transportation costs

NEW STORE OPENINGS - Net sales increase also driven by new store openings and contribution from Allivet

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Meet
$3.71 bln
$3.71 bln (23 Analysts)
Q3 EPS
$0.49
Q3 Gross Margin
37.40%
Q3 COMPARABLE STORE SALES GROWTH
3.90%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 15 "hold" and 1 "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 $63.00, about 13.1% above its October 21 closing price of $54.77

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nBw9MmCxma

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(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.)