Tractor Supply

Q2 FY2026 EarningsQ2 FY26 net sales increased 2.3% YoY to $4.54B, supported by new store openings, though comparable store sales fell 1.5% due to adverse weather in May and soft big-ticket discretionary spending. Adjusted operating margin was 12.1%, down 90bp YoY, primarily due to SG&A deleverage. Adjusted diluted EPS was $0.81, flat YoY, while GAAP EPS fell 14.9% to $0.69 following a $75.3M restructuring charge for Petsense and VIP Petcare acquisition costs. Management lowered FY26 guidance, expecting comparable sales of -1% to flat.