Form 10-Q · Quarterly report
Tractor Supply 10-Q, filed Aug 6, 2026
- Filed
- CIK
- 0000916365
- Accession no.
- 0000916365-26-000059
Summary
Tractor Supply reported second-quarter fiscal 2026 net sales of $4.54 billion, up 2.3% from a year earlier, as comparable store sales fell 1.5% and net income dropped 16.1% to $360.7 million. The quarter included $81.2 million in impairment and acquisition charges tied to a restructuring of the Petsense business, including the closure of about 75 Petsense stores, and to the acquisition of VIP Petcare.
Key points
- Net sales rose 2.3% to $4.54 billion in the quarter ended June 27, 2026, driven by new store openings and offset by a 1.5% decline in comparable store sales.
- Net income fell 16.1% to $360.7 million, or $0.69 per diluted share; adjusted net income was $423.5 million, or $0.81 per diluted share.
- Impairment and acquisition charges totaled $81.2 million, comprising $5.9 million in inventory impairment, $33.2 million in goodwill and intangible asset impairment, $32.6 million in other impairment and restructuring charges, and $9.5 million in VIP Petcare acquisition costs.
- During the quarter Tractor Supply repurchased about 3.9 million shares for $135.3 million and paid $125.6 million in quarterly dividends.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Results of Operations The following table sets forth, for the periods indicated, certain items in the Consolidated Statements of Income expressed as a percentage of net sales. For the Fiscal Three For the Fiscal Six Months Ended Months Ended June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Net sales 100.00% 100.00% 100.00% 100.00% Cost of merchandise sold 62.95 63.06 63.31 63.38 Gross profit 37.05 36.94 36.69 36.62 Selling, general and administrative expenses 22.50 21.17 24.14 23.10 Depreciation and amortization 2.88 2.75 3.17 3.06 Impairment expense 1.38 — 0.77 — Operating income 10.29 13.01 8.61 10.46 Interest expense, net 0.38 0.41 0.45 0.48 Income…
An excerpt of the text as filed with the SEC, cut for length.
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