TSCO · Tractor Supply Q2 FY2026 earnings call record财报电话会记录

“Fuel prices peaked during the height of our spring selling season, putting meaningful pressure on our customers' discretionary spending at the most important time of the quarter.”

“While these pressures had notable impacts on our H1 performance, they do not change our confidence in the long-term opportunity.”

“Additionally, during the quarter, we completed the acquisition of VIP Petcare, which adds relationships with approximately 1 million pets annually through a network of 2,500 veterinarians across 39 states.”

“To support these priorities, we plan to open approximately 85-90 new stores in 2027, compared with our previous expectation of 100 new stores.”

“I'll build on Hal's comments by focusing on profitability, our updated outlook, and the capital allocation decisions supporting our long-term strategy.”

“Reported gross profit increased 2.6% to $1.68 billion, and gross margin expanded 11 basis points to 37.1%.”

“On an adjusted basis, gross profit increased 3.0% to $1.69 billion, and gross margin expanded 24 basis points to 37.2% of net sales.”

“We now expect net sales growth of approximately 2.5%-3.5%, comparable store sales in the range of -1% to flat, Adjusted operating margin between 8.5% and 8.8%, and adjusted diluted EPS between $1.90 and $2.00.”

“We're benefiting in utilizing tariffs to be able to drive value to our customers, give us a strong position, especially in farm and ranch, and to be able to be competitive in an environment that we view across retail as a renewed competitive environment as the consumer is pushing for value.”

“We are committed to delivering an updated long-term guidance framework in concert with our 2027 outlook.”

“Those are all just examples of reasons that we have confidence in the business and, as I said, we look forward to sharing with you more on our long-term guidance as well as our 2027 outlook, in our Q4 earnings call.”

“I'd give a stronger impact from overall May as Hal's remarks mentioned to be very much consistent with the overall consumer sentiment at some of its low, and the rural customer, as even you indicated, certainly having driving more distance impacting their own lifestyle, even if they're the hobby farmer in diesel with their equipment and a greater percentage of our customers driving diesel trucks.”