Tractor Supply holds outlook as cost pressure reduces earnings
Tractor Supply ($TSCO) reported third-quarter 2026 sales of $3.91 billion, up 5.1%, while comparable sales increased 0.4%. A 0.7% rise in average ticket offset a 0.3% decline in transaction counts. Net income fell 13.3% to $224.7 million, and earnings declined to $0.43 per share as gross margin narrowed to 36.4% from 37.4%. Higher freight and fuel costs, together with investments in customer value, weighed on profitability. Management maintained full-year 2026 adjusted earnings guidance of $1.90
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