Tractor Supply Q1 Sales Up 3.6% to $3.59B with 40 New Stores
Tractor Supply Co's net sales rose 3.6% to $3.59 billion in Q1, driven by opening a record 40 stores and strong digital growth. Comparable store sales increased 0.5% with average ticket up 1.6%, while SG&A expenses rose 6.1% to $1.07 billion.
1. Q1 2026 Financial Results
Tractor Supply posted net sales of $3.59 billion, up 3.6% year-over-year, and delivered diluted EPS of $0.31. Comparable store sales rose 0.5%, driven by a 1.6% increase in average ticket despite a 1% drop in transactions.
2. Record Store Expansion
The company opened a record 40 new Tractor Supply stores in the quarter, its highest quarterly tally ever, with new unit productivity remaining strong at 65% to 70%.
3. Digital and Omnichannel Growth
Digital business delivered strong double-digit growth, supported by enhancements in the omnichannel experience and expansion of the final-mile delivery network under the Life Out Here 2030 initiative.
4. Category Challenges and Outlook
SG&A expenses increased 6.1% to $1.07 billion, representing 29.7% of sales, driven by fixed-cost deleverage and strategic investments, while companion animal underperformance cut comp sales by 100 basis points; full-year comp sales growth of 1%–3% remains reaffirmed.