-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Tractor Supply Company's (TSCO) Q1 2026 results disappointed with EPS of $0.31 missing consensus of $0.34 and revenue of $3.59B (+3.6% Y/Y) below the $3.64B estimate. Comparable store sales improved to +0.5% from -0.9% prior year, though traffic fell 1.0% while average ticket rose 1.6%, indicating persistent consumer engagement challenges. TSCO's accelerated new store opening cadence of 40 locations and strength in core farm and ranch business with continued market share gains support the long-term growth strategy. Management reaffirmed 2026 guidance of 1%-3% comparable sales growth and $2.13-$2.23 EPS, suggesting confidence despite Q1 headwinds. Gross margin held steady at 36.2% through disciplined cost management, but SG&A deleveraged 70 bps to 29.7% on modest sales growth, pressuring operating income, which declined 6.3%. We believe the $244.4M returned to shareholders through repurchases and dividends reinforces management's confidence in long-term value creation potential. Capex was $93.7M vs. $59.5M.