Tractor Supply Guides FY26 Below Estimates; Stock Down 6% - Update

Core Viewpoint - Tractor Supply Co. has provided its financial guidance for fiscal year 2026, projecting earnings per share and net sales growth, alongside plans for store expansion and capital investments [1][2]. Group 1: Financial Guidance - The company projects earnings in the range of $2.13 to $2.23 per share for fiscal 2026 [1]. - Net sales growth is expected to be between 4 to 6 percent, with comparable store sales growth anticipated at 1 to 3 percent [1]. Group 2: Analyst Expectations - Analysts expect the company to report earnings of $2.31 per share, with revenue growth of 6.29 percent, reaching approximately $16.60 billion for the year [2]. Group 3: Capital Plans - The company plans to open around 100 new Tractor Supply stores in 2026 [2]. - Ongoing initiatives include Project Fusion remodels, garden center transformations, and the completion of its 11th distribution center [2]. - Continued investments will be made in both store and digital platforms [2]. Group 4: Market Performance - In pre-market trading, Tractor Supply Co. shares are priced at $52.00, reflecting a decrease of $3.14 or 5.69 percent [3].