Tractor Supply Company (TSCO)

In the past six months, Tractor Supply Co. reported a 7.2% year-over-year revenue increase, reaching a record $3.72 billion, and comparable store sales grew by 3.9%. Gross margin improved by 15 basis points to 37.4%, although this was partially offset by tariff and higher transportation costs. Operating income increased by 5.6%, and diluted earnings per share (EPS) rose to $0.49, exceeding analyst expectations. Despite the strong performance, the stock experienced a dip in early trading after the report due to the company narrowing its full-year 2025 profit guidance, which was slightly below expectations. Tractor Supply narrowed its full-year sales growth projection to between 4.6% and 5.6% and its EPS outlook to $2.06 to $2.13. The company also returned over $600 million to shareholders year-to-date through dividends and share repurchases.

Demand for Tractor Supply Co. products and services exhibits clear seasonality, heavily influenced by weather patterns. Spring and summer are critical periods for sales of outdoor equipment, including grills, lawn mowers, and yard tools. The company's third-quarter 2025 results showed strong performance in spring and summer seasonal products. Conversely, unseasonably warm weather in September can act as a headwind for certain seasonal sales. Tractor Supply actively prepares for different seasons, setting grilling displays in late winter, for example. The company leverages weather-driven demand intelligence to optimize inventory pricing and planning, adjusting its supply chain based on regional weather impacts to meet demand and avoid overstocks. As the company enters the fourth quarter, it positions itself for the fall and winter seasons.

Tractor Supply Company (TSCO) is the largest rural lifestyle retailer in the United States, operating within the Consumer Cyclical sector and the Retail - Cyclical industry, focusing on home improvement. The company caters to recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts, and those who embrace a hands-on, DIY lifestyle. Tractor Supply Co. offers a wide array of products tailored to rural living, including livestock and equine feed and equipment, poultry supplies, fencing, chemicals, companion animal products, seasonal and recreation products, truck, tool, and hardware products, work/recreational clothing, footwear, gifts, and home décor. Tractor Supply's family of brands includes Petsense by Tractor Supply, Allivet, and Orscheln Farm and Home, and offers private label brands such as 4health, Producer's Pride, and Ridgecut.

As of September 27, 2025, Tractor Supply Company operated 2,364 Tractor Supply stores across 49 states and 206 Petsense by Tractor Supply stores in 23 states. The stores are primarily located in rural communities and towns outlying major metropolitan markets. The company also utilizes seven distribution centers located in Georgia, Indiana, Kentucky, Maryland, Nebraska, Texas, and Washington, with an eighth under construction in Arizona to support western expansion.

In the past year, Tractor Supply Co. has maintained a positive brand reputation, evidenced by consistent improvements in customer satisfaction. The company reported that customer satisfaction improved for the 17th consecutive quarter in Q3 2025. During this period, Tractor Supply also achieved record highs in total customer count, membership in its "Neighbor's Club" loyalty program, reactivated customers, and customer retention. The company is recognized for its commitment to community, offering local events and partnering with organizations like 4-H and FFA. Tractor Supply's CEO has highlighted the company's success in "bucking the post-pandemic pattern" and its strategies for long-term customer engagement, indicating a strong and resilient brand.

Tractor Supply Co. is predominantly owned by institutional investors, who hold a significant majority of the company's shares, ranging from approximately 97.86% to 99.7%. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., Wellington Management Group Llp, Capital International Investors, State Street Corp, Capital World Investors, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Geode Capital Management, Llc, Invesco Ltd., and VFINX - Vanguard 500 Index Fund Investor Shares. Vanguard Group Inc. is noted as the largest individual shareholder, owning 67.68 million shares, representing 12.77% of the company. Individual insider ownership is relatively low, typically between 0.24% and 1.38%.