| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 68 | 17.2x | 17.8x | Top tier | |
Growth | 34 | 4.0% | 7.1% | Bottom tier | |
Quality | 66 | 13.1% | 4.5% | Top tier | |
Safety | 51 | 3.4x | 2.6x | Around median | |
Capital Return | 25 | 2.79% | 2.12% | Bottom tier | |
Momentum | 5 | -42.4% | 2.9% | Bottom tier | |
Sentiment | 85 | 19 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Tractor Supply Company operates a retail network serving the rural lifestyle, generating revenue from the sale of farm and livestock supplies, pet care products, home and property maintenance items, as well as seasonal goods, big-ticket products, digital services, and delivery services. Approximately 40% of its addressable market is tied to farm, livestock, and rural economies, around 20% to the pet sector, and another 20% to home improvement and property maintenance. Consumable, usable, and edible products form the most resilient sales base, while seasonal and big-ticket goods are more affected by fuel costs, weather, and discretionary spending.
In Q2 fiscal 2026, net sales rose by approximately 2% to $4.5 billion, driven by new stores, but comparable store sales declined about 1.5% because of lower transaction counts and weak discretionary demand, particularly for big-ticket goods, which posted a mid-single-digit decline. Reported gross profit was $1.68 billion, up 2.6%, and gross margin expanded 11 basis points to 37.1%; on an adjusted basis, gross profit was $1.69 billion and the margin was 37.2%. Adjusted operating income was $548.3 million and adjusted diluted earnings per share were $0.81, while the results included a $5.9 million inventory write-off and a $65.8 million charge related to the Petsense restructuring, along with $9.5 million in VIP Petcare acquisition costs.
EDGAR data show that fiscal 2025 revenue was $15.5 billion, with gross profit of $5.7 billion, net income of $1.1 billion, and earnings per share of $2.06. On a trailing-twelve-month basis through 2026, revenue was $15.6 billion, gross profit was $5.7 billion, and net income was $1.1 billion, indicating limited sales growth without a corresponding expansion in gross profit or net income. This reflects the contrast between the resilience of essential goods and the pressure on discretionary sales and operating costs.
The analyst consensus on TSCO is neutral, with an average price target of $37 and a wide range between $28 and $51. The average is approximately 30% above the 52-week range low of $28.36, but approximately 41% below its high of $62.26; this divergence reflects the market's balancing of the strength of essential products and digital and pet initiatives on one hand, against declining comparable sales, the withdrawal of the long-term framework, and margin pressure on the other. The provided data do not include a valid price-to-earnings ratio, so a reliable judgment based on the earnings multiple cannot be made.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Comparable store sales declined approximately 1.5% because of lower transaction counts and weak discretionary spending, despite net sales growth of approximately 2% to $4.5 billion. The weakness was concentrated in May 2026, when higher fuel prices and drought in southeastern United States markets weighed on seasonal and big-ticket goods. Hardline spring merchandise and big-ticket goods reduced comparable store sales for the quarter by approximately two percentage points in May alone, while consumable, usable, and edible products remained positive.
Tractor Supply completed the acquisition of VIP Petcare during Q2 fiscal 2026. The business adds relationships with approximately one million pets annually and a network of 2,500 veterinarians in 39 states. The company aims to connect veterinary services, prescriptions, and products across stores and digital channels, but the acquisition added $9.5 million in costs to the quarter's results.
Management said on July 23, 2026, that pet performance improved sequentially from Q1 to Q2 fiscal 2026 as the company continued to maintain its market share. Freshpet reached more than 250 stores, and more than 40% of its buyers were either new pet food customers at Tractor Supply or returning customers. The company is targeting the expansion of Freshpet to at least 700 stores by the end of fiscal 2026, alongside improvements to subscriptions, digital shopping, and the wet cat food assortment.
Automated analysis for informational purposes only — not investment advice.
Management expects fiscal 2026 net sales growth of between 2.5% and 3.5%, and comparable store sales between negative 1% and flat. It expects an adjusted operating margin between 8.5% and 8.8% and adjusted diluted earnings per share between $1.90 and $2.00. It also expects greater pressure on Q3 fiscal 2026 profitability because of costs for the new distribution center, weaker gross margin, and more difficult year-over-year comparisons.
The company announced on July 23, 2026, that the selected stores generate negative store-level cash flow within a chain comprising more than two hundred stores. The decision resulted in a $65.8 million charge and a $5.9 million inventory write-off in Q2 fiscal 2026. Management intends to redirect resources toward higher-growth, higher-return opportunities while keeping Petsense separate from Tractor Supply's core pet business.
Digital sales achieved double-digit growth in Q2 fiscal 2026, driven by higher traffic, improved conversion, and strong store-based delivery. During the first half of fiscal 2026, the company completed as many Final Mile deliveries as it did during all of fiscal 2025. This demand prompted management to accelerate the service rollout while redirecting part of capital spending toward Final Mile, Project Fusion upgrades, and store sites.
