Tractor Supply Q2 EPS falls 14.9% to $0.69 on Petsense charges; updates 2026 outlook
Tractor Supply reported second-quarter 2026 net sales up 2.3% to $4.54 billion, but comparable store sales fell 1.5% and diluted EPS dropped 14.9% to $0.69, with $75.3 million of impairment and acquisition costs included. The company updated its fiscal 2026 guidance, now projecting diluted EPS of $1.78 to $1.88 and adjusted diluted EPS of $1.90 to $2.00, and withdrew its long-term financial framework from the December 2024 Investor Day.
Key points
- Q2 2026 net sales rose 2.3% to $4.54 billion, while comparable store sales decreased 1.5% and operating income fell 19.2% to $467.1 million.
- Diluted EPS was $0.69 versus $0.81 a year earlier; adjusted diluted EPS was $0.81, excluding Petsense impairment and VIP Petcare acquisition costs.
- Updated fiscal 2026 guidance: net sales up 2.5% to 3.5%, comparable store sales down 1% to flat, and diluted EPS of $1.78 to $1.88.
- The company withdrew its long-term financial framework and expects to provide an updated one with its fourth-quarter 2026 results.
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.
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