Tractor Supply Company · NASDAQ:TSCO
Tractor Supply — Q2 2026 Earnings Presentation
16 slides from Tractor Supply's earnings presentation, Jul 23, 2026
Slide 1: Supplemental Financial Presentation Q2 2026 Earnings Highlights
Supplemental Financial Presentation July 23, 2026 Q2 | 2026 EARNINGS HIGHLIGHTS 1
Slide 2: Safe Harbor
SAFE HARBOR The forward-looking statements included in this presentation are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts, which address activities, events or developments that we expect
Slide 3: Thank You to the Team!
Thank You to the Team! 3
Slide 4: Central Messages
CENTRAL MESSAGES Key Highlights • Positive comparable store sales in April and June offset by unusually adverse conditions in Strategic Initiatives Update May • Reallocation of capital towards initiatives • Continued core customer engagement and generating strongest customer response healthy retenti
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS NET SALES COMPARABLE SALES +2.3% 1.5% $4.44B $4.54B -1.5% Q2 2025 Q2 2026 Q2 2025 Q2 2026 Driven by New Store Openings Strength in Core Consumable, Comparable Transactions Decrease of 1.7% Usable and Edible Categories and Growth in Digital Comparable Ticket Increase of 0.2% Pres
Slide 6: Adjusted Financial Highlights
ADJUSTED FINANCIAL HIGHLIGHTS GROSS MARGIN SG&A EXPENSES AS A % OF NET SALES AS A % OF NET SALES +24 bps Expansion 118 bps Deleverage 37.2% 36.9% 25.1% 23.9% Q2 2025 Q2 2026* Q2 2025 Q2 2026* Key Drivers Key Drivers Disciplined Product Cost Management Deleverage from Lower Comparable Store Sales Tar
Slide 7: Adjusted Financial Highlights
ADJUSTED FINANCIAL HIGHLIGHTS OPERATING NET DILUTED MARGIN INCOME EPS -94 bps -1.5% Flat $430.0M $0.81 $0.81 13.0% $423.5M 12.1% Q2 2025 Q2 2026* Q2 2025 Q2 2026* Q2 2025 Q2 2026* *Adjusted to exclude impairment charges and acquisition costs. See non-GAAP reconciliation. Q2 | 2026
Slide 8: Operational Highlights
OPERATIONAL HIGHLIGHTS Acquired Launched SKIL VIP Petcare Power Tools and Veterinary Services Electrical Brands Launched pet resets Over 250 stores across stores now carrying nationwide Freshpet Q2 | 2026
Slide 9: Supporting Life Out Here
SUPPORTING LIFE OUT HERE Raised more than Announced alliance between $1 million through Tractor Supply, 4-H and Starlink the Spring Paper Clover to expand broadband access in campaign to support rural communities and support 4-H youth programs the next generation of rural leaders Raised more than Pu
Slide 10: Fiscal Year 2026 Guidance
FISCAL YEAR 2026 GUIDANCE UPDATED Net Sales +2.5% to +3.5% Comparable Store Sales (1%) to Flat Operating Margin Rate 8.0% to 8.3% Adjusted Operating Margin Rate* 8.5% to 8.8% Net Income $930M to $990M Adjusted Net Income* $990M to $1.05B Earnings per Diluted Share $1.78 to $1.88 Adjusted Earnings pe
Slide 11: Committed to being an integral part of our customers' lives
We are committed to being an integral part of our customers’ lives as the dependable supplier of Out Here Lifestyle solutions. Anytime. Anywhere. Any way. 11
Slide 12: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Q2 | 2026
Slide 13: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES The Company reports its financial results in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company also uses certain non-GAAP measures that fall within the meaning of Securities and Exchange Commission Reg
Slide 14: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Q2 | 2026
Slide 15: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Q2 | 2026
Slide 16: Tractor Supply - For Life Out Here
TRACTOR SUPPLY C2 For Life Out Here
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