Tractor Supply(US:TSCO) Businesswire·2025-10-23 10:55Core Insights - Tractor Supply Company reported a strong performance in Q3 2025, with net sales increasing by 7.2% to $3.72 billion compared to $3.47 billion in Q3 2024, driven by comparable store sales growth and new store openings [2][8] - The company narrowed its fiscal year 2025 guidance range, reflecting year-to-date performance and a balanced outlook for the fourth quarter [2][7] Financial Performance - Net sales for Q3 2025 reached $3.72 billion, a 7.2% increase from $3.47 billion in Q3 2024, primarily due to a 3.9% increase in comparable store sales [2][8] - Gross profit rose by 7.7% to $1.39 billion, with a gross margin rate of 37.4%, up from 37.2% in the prior year [3] - Operating income increased by 5.6% to $342.7 million, while net income grew by 7.4% to $259.3 million, resulting in diluted EPS of $0.49, an 8.6% increase from $0.45 in Q3 2024 [5][8] Expenses and Investments - Selling, general and administrative (SG&A) expenses increased by 8.4% to $1.05 billion, representing 28.1% of net sales, up from 27.8% in the previous year [4] - The company repurchased approximately 1.3 million shares for $75.4 million and paid quarterly cash dividends totaling $121.9 million, returning a total of $197.3 million to shareholders in Q3 2025 [6] Store Expansion and Strategy - Tractor Supply opened 29 new stores and closed one Petsense by Tractor Supply store during Q3 2025, bringing the total to 2,364 Tractor Supply stores and 206 Petsense stores [6][12] - The company is focused on enhancing customer experience and expanding capabilities as part of its Life Out Here 2030 strategic initiatives [2] Fiscal Year 2025 Guidance - The updated financial guidance for fiscal year 2025 includes net sales growth of 4.6% to 5.6%, comparable store sales growth of 1.4% to 2.4%, and an operating margin rate of 9.5% to 9.7% [7]