Tractor Supply Company (NASDAQ: TSCO) announced on October 23, 2025 that its third‑quarter 2025 results were stronger than expected, with net sales of $3.72 billion—an increase of 7.2% year‑over‑year—and comparable store sales up 3.9% versus a 0.2% decline in the same quarter last year. The company added 29 new stores during the quarter, and the Allivet acquisition contributed to the sales lift, while the average transaction count rose 2.7% and the average ticket grew 1.2%.
Diluted earnings per share for the quarter were $0.49, up 8.6% from $0.45 in Q3 2024, and net income rose 7.4% to $259.3 million. The company repurchased approximately 1.3 million shares for $75.4 million and paid $121.9 million in quarterly dividends, returning a total of $197.3 million to shareholders. Gross profit increased 7.7% to $1.39 billion, and the gross margin rate improved to 37.4% from 37.2% in the prior year’s quarter.
In its updated fiscal‑2025 outlook, Tractor Supply narrowed its guidance to a net sales range of +4.6% to +5.6%, comparable store sales of +1.4% to +2.4%, an operating margin rate of 9.5% to 9.7%, net income of $1.09 billion to $1.14 billion, and diluted EPS of $2.06 to $2.13. CEO Hal Lawton highlighted the company’s disciplined execution, the impact of the Allivet integration, and the continued momentum in its “Life Out Here” strategy as key drivers of the improved outlook.
The earnings release underscores Tractor Supply’s resilience in a challenging macro environment and confirms its ability to generate solid growth through new store openings, digital expansion, and strategic acquisitions. The updated guidance reflects a more optimistic view of the second half of fiscal 2025, positioning the company for continued profitability and shareholder returns.
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