Tractor Supply forecasts 2026 net sales growth of 2.5%-3.5% as it closes ~75 Petsense stores and targets (-1%) to flat comps

Tractor Supply reported Q2 2026 net sales of about $4.5 billion, up roughly 2%, but comparable sales fell about 1.5% as unusually adverse May weather, higher fuel prices, and drought pressures hurt discretionary and big-ticket demand. Management said performance was below expectations and lowered its full-year 2026 outlook, now guiding to 2.5%-3.5% net sales growth, flat to slightly negative comps, and reduced EPS expectations versus prior targets. The company is also closing 75 underperforming Petsense stores, cutting 2027 new-store openings, and redirecting capital toward remodels, supply chain investments, and productivity initiatives. The update suggests a cautious near-term demand environment and a more defensive capital allocation stance, which may weigh on sentiment even as management tries to stabilize performance.