Tractor Supply Co. came out just ahead of a Wall Street estimate in its second quarter as comparable sales gained and it added additional stores.
Net income advanced to $430 million, or 81 cents per diluted share, from $425.2 million, or 79 cents per diluted share, in the year-earlier quarter, the company stated.
A Zacks Investment Research analyst consensus estimate pegged earnings per diluted share at 80 cents and revenues of $4.4 billion.
Comparable sales gained 1.5% year over year based on an average transaction count increase of 1% and average ticket growth of 0.5%.
Net sales increased to $4.44 billion from $4.25 billion in the year-before quarter. New store openings and the comp growth were prime movers of the net sales gain, Tractor Supply maintained. Continued momentum in year-’round categories, especially consumable, usable and edible products, drove comps as well as solid demand for spring seasonal items.
Operating income increased to $577.8 million from $561.5 million in the quarter a year previous.
The company opened 24 new Tractor Supply stores and two new Petsense by Tractor Supply stores, and it closed one Petsense location in the second quarter.
Tractor Supply confirmed its earlier guidance for net sales up 4% to 8%, comparable store sales flat to up 4%, net income of $1.07 billion to $1.17 billion and earnings per diluted share of $2 to $2.18.
“We are pleased with our second-quarter performance, reflecting the continued strength of our core categories and strong execution despite a delayed spring,” said Hal Lawton, Tractor Supply president and CEO. “Our team delivered solid results by capturing market share and curating a product assortment that underscores our leadership in rural retail. As we enter the back half of 2025, we remain confident in our outlook, are encouraged by the momentum carrying into the quarter and continue to believe in the durability of our model.”
Lawton added, “Despite external pressures, including economic uncertainty and shifting tariffs, our year-to-date performance and visibility into the remainder of the year provide a solid foundation to reaffirm our 2025 financial outlook. With a largely U.S.-sourced assortment, strong vendor partnerships and a flexible, scalable supply chain, we are well-positioned to navigate near-term dynamics and deliver long-term value for our shareholders.”
