Tractor Supply (TSCO)
NASDAQConsumer DiscretionarySpecialty RetailSnapshot 2026-11-05
$36.61+0.08%
Close 2026-11-05 · 1-day change
NASDAQConsumer DiscretionarySpecialty RetailSnapshot 2026-11-05
QuarterlyIQ Insights · TSCO
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within consumer discretionary on a research-validated quality screen. As of 2026-11-05.
The screen ranks TSCO against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated strong grew net income 62% of the time over the next year (vs 50% for the rest of the cohort, n=5250).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
We are moving with urgency to sharpen our strategic priorities, drive productivity and make deliberate choices about where we invest our capital and resources.
Stated in 3 of 8 supplied quarters. Management reported: “Financial Outlook Based on year-to-date performance and the Company’s outlook, Tractor Supply is updating its financial guidance for fiscal year 2026.” “The Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items without unreasonable effort.” Revenue was $3.910 billion in 2026-Q3.
“We are moving with urgency to sharpen our strategic priorities, drive productivity and make deliberate choices about where we invest our capital and resources.”
“We are responding with urgency by strengthening our companion animal business, reinforcing our value position and improving productivity across the business.”
“l Net Sales Increased 3.6% to $3.59 Billion l Comparable Store Sales Increased 0.5% l Diluted Earnings per Share (“EPS”) of $0.31 l Company Reaffirms Fiscal Year 2026 Outlook, Including Comparable St…”
The gross margin rate benefited from disciplined product cost management and the continued execution of an everyday low price strategy, offset by higher tariffs and delivery-related transportation co…
Stated in 3 of 8 supplied quarters. Management reported: “The gross margin rate benefited from disciplined product cost management and the continued execution of an everyday low price strategy, offset by higher tariffs and delivery-related transportation costs.” “The increase in SG&A, as a percent of net sales, was primarily attributable to deleverage of fixed costs given the comparable store sales performance and an accelerated new store opening cadence, partially offset by an ongoing focus on productivity and cost discipline.” Gross profit was $1.425 billion in 2026-Q3.
For fiscal 2026, the Company expects the following: Net Sales ‘ +4% to +6% Comparable Store Sales ‘ +1% to +3% Operating Margin Rate ‘ 9.3% to 9.6% Net Income ‘ $1.11 billion to $1.17 billion Earning…
Stated in 2 of 8 supplied quarters. Management reported: “For fiscal 2026, the Company expects the following: Net Sales ‘ +4% to +6% Comparable Store Sales ‘ +1% to +3% Operating Margin Rate ‘ 9.3% to 9.6% Net Income ‘ $1.11 billion to $1.17 billion Earnings per Diluted Share ‘ $2.13 to $2.23 Capital Expenditures, Net of Sale Leaseback Proceeds ‘ $675 million to $725 million Share Repurchases ‘ $375 million to $450 million The Company’s capital plans for 2026 include opening approximately 100 Tractor Supply stores, continuing Project Fusion remodels and garden center transformations, completion of its 11 th distribution center and continued investment in store and digital technology.”
Fiscal Year 2025 Financial Outlook Based on year-to-date performance and its outlook, Tractor Supply reiterates the following financial guidance for fiscal year 2025, initially provided on April 24,…
Stated in 2 of 8 supplied quarters. Management reported: “Fiscal Year 2025 Financial Outlook Based on year-to-date performance and its outlook, Tractor Supply reiterates the following financial guidance for fiscal year 2025, initially provided on April 24, 2025: Outlook Net Sales +4% to +8% Comparable Store Sales +0% to +4% Operating Margin Rate 9.5% to 9.9% Net Income $1.07 billion to $1.17 billion Earnings per Diluted Share $2.00 to $2.18 For the full year, the Company now expects its share repurchases will be in the range of $325 to $375 million, below the outlook most recently provided on January 30, 2025.” “This reflects a more measured pace of repurchases as the Company remains committed to a disciplined capital allocation approach.”
Set and communicate full-year expectations as year-to-date performance and the outlook for the remaining quarters change.
Over the trailing year it converted 1.22x of net income into operating cash flow. Historically, Consumer Discretionary names rated neutral grew net income 49% of the time over the next year (vs 49% for the rest of the cohort, n=4822).
Most sensitive to long-term interest rates.
Not enough signal to read sensitivity to the US dollar, the broad stock market, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
17 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Consumer Discretionary names rated volatile grew net income 55% of the time over the next year (vs 53% for the rest of the cohort, n=4931).
Not investment advice. As of 2026-11-05.
“The gross margin rate benefited from disciplined product cost management and the continued execution of an everyday low price strategy, offset by higher tariffs and delivery-related transportation co…”
“Gross margin improvement from the Company’s ongoing focus on product cost management and the continued execution of an everyday low price strategy was partially offset by tariff costs and higher tran…”
“Gross margin rate was 36.9% compared to 36.6% in the prior year’s second quarter primarily attributable to disciplined product cost management and the continued execution of an everyday low price str…”
“For fiscal 2026, the Company expects the following: Net Sales ‘ +4% to +6% Comparable Store Sales ‘ +1% to +3% Operating Margin Rate ‘ 9.3% to 9.6% Net Income ‘ $1.11 billion to $1.17 billion Earning…”
“For fiscal 2025, the Company expects the following: Net Sales ‘ +5% to +7% Comparable Store Sales ‘ +1% to +3% Operating Margin Rate 9.6% to 10.0% Net Income $1.12 billion to $1.18 billion Earnings p…”
“Fiscal Year 2025 Financial Outlook Based on year-to-date performance and its outlook, Tractor Supply reiterates the following financial guidance for fiscal year 2025, initially provided on April 24,…”
“For fiscal 2025, the Company expects the following: Net Sales ‘ +5% to +7% Comparable Store Sales ‘ +1% to +3% Operating Margin Rate 9.6% to 10.0% Net Income $1.12 billion to $1.18 billion Earnings p…”