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Tractor Supply Company recently released its financial results for the first quarter of 2026, reporting a boost in net sales, primarily led by new store openings and comparable store sales.
The company reported net sales of $3.59 billion, a 3.6% increase year over year. Comparable store sales increased 0.5% compared to a decrease of 0.9% in the first quarter of 2025. Diluted earnings per share of $0.31 were reported for the first quarter of 2026. The company also opened 40 new Tractor Supply stores and closed one Petsense by Tractor Supply store in Q1.
“We delivered solid performance across the majority of our business in the first quarter, supported by our needs-based model and ongoing customer engagement,” says Hal Lawton, president and chief executive officer of Tractor Supply. “We continued to gain market share in farm and ranch and had strong double-digit growth in digital sales. Performance was positive across four of our five product categories. While companion animal trailed the Company average, we are taking decisive actions to improve its performance. I want to thank our more than 52,000 Team Members for their ongoing dedication to serving our customers and living our Mission and Values each day.”
Tractor Supply also reaffirmed its fiscal year 2026 outlook, expecting net sales to increase by 4% to 6% and comparable store sales to see 1% to 3% growth over the year. Net income is anticipated to reach $1.11 billion to $1.17 billion.
On an earnings call discussing the results, Lawson emphasized the company’s strong digital growth in the first quarter, mentioning upgrades to subscription offerings, order management and checkout experiences. Soft sales in the companion animal category led to lower than expected comparable store sales for the quarter, while retail price inflation drove a comparable average ticket increase of 1.6%, according to Kurt Barton, Tractor Supply chief financial officer.
