Tractor Supply

Q2 FY2026 EarningsQ2 FY26 results missed consensus on the top and bottom lines, primarily due to a -1.5% decline in comparable store sales and a $71.7M pre-tax impairment charge related to the Petsense restructuring. Revenue of $4.54B slightly trailed the $4.58B expected, while Diluted EPS of $0.69 significantly missed the $0.82 consensus. Despite top-line pressure, gross margin proved resilient at 37.1% (+11bps YoY), benefiting from disciplined cost management and tariffs, slightly exceeding the 36.9% mean estimate.