Q2 25 EPS
$0.81
BEAT +0.95%
Est. $0.80
Q2 25 Revenue
$4.44B
BEAT +0.98%
Est. $4.40B
vs S&P Since Q2 25
-56.2%
TRAILING MARKET
TSCO -42.6% vs S&P +13.6%
Market Reaction
Did TSCO Beat Earnings? Q2 2025 Results
Tractor Supply delivered a clean beat in Q2 2025, with the rural lifestyle retailer posting diluted EPS of $0.81, edging past the $0.80 consensus estimate by 0.95%, while revenue of $4.44 billion topped expectations by 0.98% and grew 4.5% year-over-y… Read more Tractor Supply delivered a clean beat in Q2 2025, with the rural lifestyle retailer posting diluted EPS of $0.81, edging past the $0.80 consensus estimate by 0.95%, while revenue of $4.44 billion topped expectations by 0.98% and grew 4.5% year-over-year. The primary engine behind the quarter was a 1.5% comparable store sales gain, a meaningful reversal from the 0.5% decline in the year-ago period, driven by strength in consumable, usable and edible products and spring seasonal categories despite a delayed spring season. Gross margin expanded 30 basis points to 36.9%, reflecting disciplined cost management, though SG&A as a percentage of sales crept higher as the company continued investing in growth. Looking ahead, management reaffirmed full-year 2025 guidance for net sales growth of 4% to 8% and diluted EPS of $2.00 to $2.18, and announced plans to open 100 new stores in 2026, targeting a long-term footprint of 3,200 locations as the company leans into its loyalty-driven, largely U.S.-sourced model amid ongoing tariff uncertainty.
Key Takeaways
- • Continued momentum in year-round consumable, usable and edible (C.U.E.) products
- • Solid demand for spring seasonal items despite delayed spring
- • Positive performance in apparel, gift and décor, and big ticket items
- • New store openings drove net sales growth (24 Tractor Supply and 2 Petsense stores opened in Q2)
- • Comparable store sales increased 1.5% with comparable average transaction count increase of 1.0% and average ticket growth of 0.5%
- • Disciplined product cost management driving gross margin expansion of 30 basis points to 36.9%
- • Exclusive brands grew to 27.6% of total sales from 26.7% in prior year
TSCO YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“We are pleased with our second quarter performance, reflecting the continued strength of our core categories and strong execution despite a delayed spring. Our team delivered solid results by capturing market share and curating a product assortment that underscores our leadership in rural retail. I want to thank our 52,000 Team Members whose passion for Life Out Here and commitment to our customers make all the difference every day.”
— Hal Lawton, Q2 2025 Earnings Press Release
TSCO Earnings Trends
TSCO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TSCO EPS Trend
Earnings per share: estimate vs actual
TSCO Revenue Trend
Quarterly revenue: estimate vs actual
TSCO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.31 | — | $3.59B | -1.27% |
| Q4 25 MISS FY | $0.47 | $0.43 | -8.51% | $3.90B | -2.39% |
| FY Full Year | $2.10 | $2.06 | -1.68% | $15.52B | -0.61% |
| Q3 25 BEAT | $0.48 | $0.49 | +1.68% | $3.72B | -0.07% |
| Q2 25 BEAT | $0.80 | $0.81 | +0.95% | $4.44B | +0.98% |
| Q1 25 MISS | $0.37 | $0.34 | -7.93% | $3.47B | -1.85% |