Tractor Supply (TSCO) official guidance
Tractor Supply (TSCO) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
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1 metric1 loweredearnings call · 7d
2026-10-22 16:27:26 UTC$675M – $700Mlowered -1.8%-24.6% – -21.8% vs FY2025
We now expect net capital expenditures in the range of $675 million-$700 million and share repurchases of $425 million-$450 million.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
2026-01-30 05:01:26 UTC$675M – $725Mmaintained
Net capital spending is expected to be in the range of $675 million-$725 million, with the majority focused on growth initiatives.
TSCO · transcript · Q4 FY2025
2026-01-30 05:00:00 UTCOpen source
2026-01-29 12:02:05 UTC$675M – $725Mnew
| Capital Expenditures, Net of Sale Leaseback Proceeds | ‘$675 million to $725 million |
TSCO · EX-99.1 · Q4 FY2025
2026-01-29 12:01:18 UTCOpen source
TSCOTRACTOR SUPPLY CO /DE/FY2027 · ends 2027-12-25
1 metric1 newearnings call · 7d
2026-10-22 16:27:26 UTCat most 4%new
With much of that investment behind us, we expect capital expenditures to moderate significantly and move below 4% of sales in 2027 and beyond, providing greater flexibility in deploying cash generated by the business.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
TSCOTRACTOR SUPPLY CO /DE/FY2028+ · ends 2028-12-23
1 metric1 newearnings call · 7d
2026-10-22 16:27:26 UTCat least $75Mnew
On the SG&A side, we are targeting more than $75 million in additional annual reductions over 2027 and 2028.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
TSCOTRACTOR SUPPLY CO /DE/FY2027 · ends 2027-12-25
2 metrics2 newearnings call · 7d
2026-10-22 16:27:26 UTCat least $50Mnew
As an example, renegotiated vendor support agreements are expected to generate more than $50 million in annualized benefits next year.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
2026-10-22 16:27:26 UTCmid-single digit or lowernew0% – 6% vs FY2026
Following several years of elevated capital investment, we expect depreciation growth to moderate to the mid-single digit or lower in 2027.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
TSCOTRACTOR SUPPLY CO /DE/Q4 FY2026 · ends 2026-12-26
2 metrics2 newearnings call · 7d
2026-10-22 16:27:26 UTC-30 bps – -10 bpsnew-30 bps – -10 bps vs Q4 FY2025
Very specifically, we do expect our performance and gross margin year-over-year in Q4 to be better than it was in Q3. While modestly down, and I'd say modestly 10 or 30 basis points down would be our base case assumption.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
2026-10-22 16:27:26 UTCmoderate more up to the level we saw in the first half of the yearnew
We do expect that the level of inflation to moderate more up to the level we saw in the first half of the year as part of Q4.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
TSCOTRACTOR SUPPLY CO /DE/FY2027 · ends 2027-12-25
1 metric1 maintainedearnings call · 7d
2026-10-22 16:27:26 UTC85 – 90maintained
As discussed last quarter, we expect to moderate new store openings in 2027 to approximately 85 to 90 stores.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
2026-07-24 04:01:50 UTC85 – 90new
To support these priorities, we plan to open approximately 85-90 new stores in 2027, compared with our previous expectation of 100 new stores.
TSCO · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
TSCOTRACTOR SUPPLY CO /DE/Q4 FY2026 · ends 2026-12-26
1 metricearnings call · 7d
2026-10-22 16:27:26 UTCpositive comparable sales
The sales improvement we saw as we exited the third quarter is a positive sign, and our current planning assumptions contemplate positive comparable sales during the fourth quarter.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
2026-04-22 04:01:37 UTC1% – 3%new1% – 3% vs Q4 FY2025
We continue to target comp sales growth in the range of 1%-3% for each of the remaining quarters.
TSCO · transcript · Q1 FY2026
2026-04-22 04:00:00 UTCOpen source
TSCOTRACTOR SUPPLY CO /DE/FY2026 · ends 2026-12-26
4 metrics1 raised2 newearnings call · 7d
2026-10-22 16:27:26 UTC$325M – $350Mnew
The net capital expenditures forecast includes expected sale-leaseback proceeds in the range of $325 million-$350 million.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
2026-10-22 16:27:26 UTC$425M – $450Mraised +6.1%17.6% – 24.6% vs FY2025
We now expect net capital expenditures in the range of $675 million-$700 million and share repurchases of $425 million-$450 million.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
2026-07-24 04:01:50 UTC$375M – $450Mmaintained3.8% – 24.6% vs FY2025
We view our shares as an attractive investment opportunity and expect repurchase activity to be toward the high end of our original guidance of $375 million-$450 million.
TSCO · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
2026-01-30 05:01:26 UTC$375M – $450Mmaintained
We also expect share repurchases between $375 million and $450 million, representing approximately 1%-1.5% of shares outstanding.
TSCO · transcript · Q4 FY2025
2026-01-30 05:00:00 UTCOpen source
2026-01-29 12:02:05 UTC$375M – $450Mnew
| Share Repurchases | ‘$375 million to $450 million |
TSCO · EX-99.1 · Q4 FY2025
2026-01-29 12:01:18 UTCOpen source
2026-10-22 16:27:26 UTC1K
Also, based on Freshpet's performance, we're increasing our year-end rollout target from more than 700 stores to approximately 1,000 stores.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
2026-07-24 04:01:50 UTCat least 700new
Our rollout of Freshpet continues to perform well. The program was in approximately 250 stores at the end of the Q2, we remain on track to expand to at least 700 stores in total by year-end.
TSCO · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
2026-10-22 16:27:26 UTC$100Mnew
As was previously shared, we expect to realize approximately $100 million in tariff refunds this year, and we're investing about 40% of that benefit in customer value, with the remainder helping to offset higher freight costs.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
TSCOTRACTOR SUPPLY CO /DE/Q4 FY2026 · ends 2026-12-26
1 metric1 newearnings call · 7d
2026-10-22 16:27:26 UTC$15Mnew
The approximately $100 million full-year tariff refund benefit included recognition in gross margin of about $70 million in Q2, $15 million in Q3, with the remaining $15 million expected in Q4.
TSCO · transcript · Q3 FY2026
2026-10-22 16:26:00 UTCOpen source
TSCOTRACTOR SUPPLY CO /DE/FY2026 · ends 2026-12-26
6 metrics6 maintainedearnings release · 8d
2026-10-22 11:27:38 UTC$1.9 – $2maintained
| Adjusted Earnings per Diluted Share | $1.90 to $2.00 |
TSCO · EX-99.1 · Q3 FY2026
2026-10-22 11:26:41 UTCOpen source
2026-07-24 04:01:50 UTC$1.9 – $2maintained
We now expect net sales growth of approximately 2.5%-3.5%, comparable store sales in the range of -1% to flat, Adjusted operating margin between 8.5% and 8.8%, and adjusted diluted EPS between $1.90 and $2.00.
TSCO · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
2026-07-23 11:03:53 UTC$1.9 – $2new
| Adjusted Earnings per Diluted Share | $1.90 to $2.00 |
TSCO · EX-99.1 · Q2 FY2026
2026-07-23 11:03:12 UTCOpen source
2026-10-22 11:27:38 UTC$1.78 – $1.88maintained-13.6% – -8.7% vs FY2025
| Earnings per Diluted Share | $1.78 to $1.88 |
TSCO · EX-99.1 · Q3 FY2026
2026-10-22 11:26:41 UTCOpen source
2026-07-23 11:03:53 UTC$1.78 – $1.88lowered -16.1%-13.6% – -8.7% vs FY2025
| Earnings per Diluted Share | $1.78 to $1.88 |
TSCO · EX-99.1 · Q2 FY2026
2026-07-23 11:03:12 UTCOpen source
2026-04-21 10:59:39 UTC$2.13 – $2.23maintained3.4% – 8.3% vs FY2025
| Earnings per Diluted Share | ‘$2.13 to $2.23 |
TSCO · EX-99.1 · Q1 FY2026
2026-04-21 10:59:07 UTCOpen source
2026-01-30 05:01:26 UTC$2.13 – $2.23maintained
We are forecasting diluted EPS in the range of $2.13-$2.23.
TSCO · transcript · Q4 FY2025
2026-01-30 05:00:00 UTCOpen source
2026-01-29 12:02:05 UTC$2.13 – $2.23new
| Earnings per Diluted Share | ‘$2.13 to $2.23 |
TSCO · EX-99.1 · Q4 FY2025
2026-01-29 12:01:18 UTCOpen source
2026-10-22 11:27:38 UTC$930M – $990Mmaintained-15.2% – -9.7% vs FY2025
| Net Income | $930 million to $990 million |
TSCO · EX-99.1 · Q3 FY2026
2026-10-22 11:26:41 UTCOpen source
2026-07-23 11:03:53 UTC$930M – $990Mlowered -15.8%-15.2% – -9.7% vs FY2025
| Net Income | $930 million to $990 million |
TSCO · EX-99.1 · Q2 FY2026
2026-07-23 11:03:12 UTCOpen source
2026-04-21 10:59:39 UTC$1.1B – $1.2Bmaintained1.3% – 6.7% vs FY2025
| Net Income | ‘$1.11 billion to $1.17 billion |
TSCO · EX-99.1 · Q1 FY2026
2026-04-21 10:59:07 UTCOpen source
2026-01-29 12:02:05 UTC$1.1B – $1.2Bnew
| Net Income | ‘$1.11 billion to $1.17 billion |
TSCO · EX-99.1 · Q4 FY2025
2026-01-29 12:01:18 UTCOpen source
2026-10-22 11:27:38 UTC8.5% – 8.8%maintained
| Adjusted Operating Margin Rate | 8.5% to 8.8% |
TSCO · EX-99.1 · Q3 FY2026
2026-10-22 11:26:41 UTCOpen source
2026-07-24 04:01:50 UTC8.5% – 8.8%maintained
We now expect net sales growth of approximately 2.5%-3.5%, comparable store sales in the range of -1% to flat, Adjusted operating margin between 8.5% and 8.8%, and adjusted diluted EPS between $1.90 and $2.00.
TSCO · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
2026-07-23 11:03:53 UTC8.5% – 8.8%new
| Adjusted Operating Margin Rate | 8.5% to 8.8% |
TSCO · EX-99.1 · Q2 FY2026
2026-07-23 11:03:12 UTCOpen source
2026-10-22 11:27:38 UTC8% – 8.3%maintained-145 bps – -115 bps vs FY2025
| Operating Margin Rate | 8.0% to 8.3% |
TSCO · EX-99.1 · Q3 FY2026
2026-10-22 11:26:41 UTCOpen source
2026-07-23 11:03:53 UTC8% – 8.3%lowered -13.8%-145 bps – -115 bps vs FY2025
| Operating Margin Rate | 8.0% to 8.3% |
TSCO · EX-99.1 · Q2 FY2026
2026-07-23 11:03:12 UTCOpen source
2026-04-21 10:59:39 UTC9.3% – 9.6%maintained-15 bps – 15 bps vs FY2025
| Operating Margin Rate | ‘9.3% to 9.6% |
TSCO · EX-99.1 · Q1 FY2026
2026-04-21 10:59:07 UTCOpen source
2026-01-30 05:01:26 UTC9.3% – 9.6%maintained
Taken together, we expect operating margin in the range of 9.3%-9.6%, which implies we can maintain operating margin at the midpoint of the range.
TSCO · transcript · Q4 FY2025
2026-01-30 05:00:00 UTCOpen source
2026-01-29 12:02:05 UTC9.3% – 9.6%new
| Operating Margin Rate | ‘9.3% to 9.6% |
TSCO · EX-99.1 · Q4 FY2025
2026-01-29 12:01:18 UTCOpen source
2026-10-22 11:27:38 UTC-1% – 0%maintained-1% – 0% vs FY2025
| Comparable Store Sales | (1%) to flat |
TSCO · EX-99.1 · Q3 FY2026
2026-10-22 11:26:41 UTCOpen source
2026-07-24 04:01:50 UTC-1% – 0%maintained-1% – 0% vs FY2025
We now expect net sales growth of approximately 2.5%-3.5%, comparable store sales in the range of -1% to flat, Adjusted operating margin between 8.5% and 8.8%, and adjusted diluted EPS between $1.90 and $2.00.
TSCO · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
2026-07-23 11:03:53 UTC-1% – 0%lowered -125.0%-1% – 0% vs FY2025
| Comparable Store Sales | (1%) to flat |
TSCO · EX-99.1 · Q2 FY2026
2026-07-23 11:03:12 UTCOpen source
2026-04-21 10:59:39 UTC1% – 3%maintained1% – 3% vs FY2025
| Comparable Store Sales | ‘+1% to +3% |
TSCO · EX-99.1 · Q1 FY2026
2026-04-21 10:59:07 UTCOpen source
2026-01-30 05:01:26 UTC1% – 3%maintained1% – 3% vs FY2025
We expect comp sales growth of 1%-3%, supported by continued improvement in average ticket, as AUR growth trends are expected to continue, along with modest transaction growth.
TSCO · transcript · Q4 FY2025
2026-01-30 05:00:00 UTCOpen source
2026-01-29 12:02:05 UTC1% – 3%new1% – 3% vs FY2025
| Comparable Store Sales | ‘+1% to +3% |
TSCO · EX-99.1 · Q4 FY2025
2026-01-29 12:01:18 UTCOpen source