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Tractor Supply (TSCO) guidance and outlook
Tractor Supply (TSCO) lowered its guidance on Oct 22, 2026: Revenue +2.5% for FY2026; Operating margin 8%–8.3% for FY2026; Operating margin 8.5%–8.8% for FY2026; Net income $930M–$990M for FY2026. Tractor Supply's 10-Q filed Nov 5, 2026 makes 5 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | +2.5% | lowered |
| Revenue | FY2026 | −1% | new |
| Operating margin | FY2026 | 8%–8.3% | lowered |
| Operating margin | FY2026 | 8.5%–8.8% | new |
| Net income | FY2026 | $930M–$990M | lowered |
| Net income | FY2026 | $990M–$1.1B | new |
| EPS | FY2026 | $1.78–$1.88 | lowered |
| EPS | FY2026 | $1.90–$2.00 | new |
From the earnings release filed Oct 22, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- There can be no assurance that the actual results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or our business and operations.
- Our strategy is to manage product flow and adjust merchandise assortments and depth of inventory to capitalize on seasonal demand trends, but there is no guarantee that we will be able to successfully execute this strategy.
- We plan to continue to leverage our sale-leaseback program on both existing owned stores and future new store openings in order to help fund our planned owned store development over the next several years.
- Our projected capital expenditures, net of sale-leaseback proceeds, for fiscal 2026 are currently estimated to be in the range of approximately $675 million to $700 million.
- It is the present intention of the Company’s Board of Directors to continue to pay a quarterly cash dividend; however, the declaration and payment of future dividends will be determined by the Company’s Board of Directors in its sole discretion and will depend upon the earnings, financial condition, and capital needs of the Company, along with any other factors that the Company’s Board of Directors deems relevant.
Tractor Supply's latest quarter
Tractor Supply, Q3 2026: revenue $3.9B (+5% year over year), operating margin 7.9%, net earnings $225M, operating cash flow $229M. The chart follows the revenue to costs, profit and cash.
Questions
Did Tractor Supply raise or lower its guidance?
Tractor Supply (TSCO) lowered its guidance on Oct 22, 2026: Revenue +2.5% for FY2026; Operating margin 8%–8.3% for FY2026; Operating margin 8.5%–8.8% for FY2026; Net income $930M–$990M for FY2026.
What does Tractor Supply expect?
There can be no assurance that the actual results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or our business and operations. Our strategy is to manage product flow and adjust merchandise assortments and depth of inventory to capitalize on seasonal demand trends, but there is no guarantee that we will be able to successfully execute this strategy. We plan to continue to leverage our sale-leaseback program on both existing owned stores and future new store openings in o
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.