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Sep 27
Tractor Supply Q3 2025 Earnings Report
Tractor Supply reported strong third-quarter results, driven by comparable store sales growth and strategic initiatives.
Key Takeaways
Tractor Supply Company delivered a strong third quarter in 2025, with net sales increasing by 7.2% to $3.72 billion and diluted EPS growing by 8.6% to $0.49. The company's performance was bolstered by comparable store sales growth of 3.9%, driven by increased transaction counts and average ticket growth. Gross profit also saw a healthy increase, and the company returned $197.3 million to shareholders through share repurchases and dividends.
Net sales increased by 7.2% to $3.72 billion, up from $3.47 billion in the prior year's third quarter.
Comparable store sales grew by 3.9%, a significant improvement from a 0.2% decrease in the same period last year.
Diluted EPS rose by 8.6% to $0.49, compared to $0.45 in the third quarter of 2024.
The company returned $197.3 million to shareholders through share repurchases and cash dividends during the quarter.
Tractor Supply
Tractor Supply
Tractor Supply Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
Tractor Supply is narrowing its fiscal year 2025 financial guidance, reflecting year-to-date performance and a balanced outlook, with expectations for continued comparable store sales growth and increased net income.
Positive Outlook
- Narrowed full-year guidance range reflects improved visibility on tariffs and demand.
- Comparable store sales outlook for Q4 2025 is positive, ranging from +1% to +5%.
- Fiscal year 2025 net sales guidance updated to a positive range of +4.6% to +5.6%.
- Fiscal year 2025 comparable store sales guidance updated to a positive range of +1.4% to +2.4%.
- Fiscal year 2025 net income guidance updated to a higher range of $1.09 billion to $1.14 billion.
Challenges Ahead
- Operating margin rate guidance for fiscal year 2025 remains within a tight range of 9.5% to 9.7%.
- The updated guidance, while positive, still reflects a degree of caution in the broader demand environment.
- No specific negative factors were highlighted in the forward guidance summary, but the 'balanced outlook' suggests potential challenges.
- The company is 'controlling what we can control,' implying external factors may still pose risks.
- The previous guidance for net sales and EPS had a wider, potentially higher, upper bound, which has now been narrowed.