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Tractor Supply Company TSCO Q2 2026 earnings

Reported July 23, 2026 · Before market open

Revenue$4.5BMiss by $37.8M
EPS$0.81Miss by $0.01
Revenue estimate$4.6B
EPS estimate$0.82
“The Tractor Supply business model demonstrated its strength and durability during the second quarter. Positive comparable store sales in April and June were more than offset by unusually adverse conditions in May, which drove second quarter results below our expectations. While we are not satisfied with our performance, we believe there are discrete headwinds impacting the majority of our end markets. Our core customer remains highly engaged, our needs-based businesses continue to perform well, and our competitive position remains strong. Tractor Supply has successfully navigated many economic cycles throughout our 88-year history, and we remain confident that the long-term demand drivers supporting our business remain intact. I want to thank our Team Members for their continued dedication to serving our customers every day”
Hal Lawton

Next report

Oct 22, 2026 (in a month)
Revenue estimate$3.8B
EPS estimate$0.40

Financials

Q2 2026

Income statement

See full
Revenue$4.5B+2.3%
Gross profit$1.7B+2.6%
Operating income$467.1M-19.2%
Net income$360.7M-16.1%
EPS (diluted)$0.69-14.8%

Balance sheet

See full
Cash & equivalents$231.6M+2.6%
Total debt$6.5B+17.8%
Total equity$2.6B+5.7%
Total assets$12.2B+15.2%

Cash flow

See full
Operating cash flow$562.0M-28.5%
CapEx$233.1M+10.8%
Free cash flow$328.9M-42.8%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$17.21B-44.9%
Enterprise value$23.52B-35.7%
P/E9.2×-19.6×
P/S1.1×-1.0×

Profitability

See full
Gross margin36.5%+0.1pp
Operating margin8.5%-1.2pp
Net margin11.9%+4.8pp
FCF margin1.9%—

Returns & leverage

See full
Return on equity73.4%+28.1pp
Debt / equity2.5×+0.3×
Current ratio1.3×+0.1×

Segments

By segment

See full
Reportable Segment$4.5B+2.3%

FAQ

When did Tractor Supply Company report Q2 2026 earnings?
Tractor Supply Company (TSCO) reported Q2 2026 earnings on July 23, 2026 before market open.
What were Tractor Supply Company's Q2 2026 revenue and EPS?
Tractor Supply Company reported revenue of $4.5B and eps of $0.81 for Q2 2026.
Did Tractor Supply Company beat estimates in Q2 2026?
Revenue missed the consensus estimate of $4.6B by $37.8M. EPS missed the consensus estimate of $0.82 by $0.01.
How did Tractor Supply Company's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.3% from $4.4B a year earlier and eps grew 0.0% from $0.81.
Where can I find Tractor Supply Company's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000916365-26-000052) and the 10-Q periodic report (0000916365-26-000059) directly on SEC EDGAR. The filing index links above go to sec.gov.