Tractor Supply (TSCO) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 21, 2026 astatine 11:38 AM CDT 49 min read

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Tuesday, Apr. 21, 2026 astatine 10 a.m. ET

• Chief Executive Officer — Harry Lawton

• Chief Financial Officer — Kurt Barton

• Chief Merchandising Officer — Seth Estep

• Executive Vice President, Chief Supply Chain Officer — Colin Yankee

Hal Lawton, our CEO; Kurt Barton, our CFO; and Seth Estep, our Chief Merchandising Officer. In summation to Seth, we volition besides person Rob Mills, John Ordus and Colin Yankee, articulation the telephone for the question-and-answer portion. Following our prepared remarks, we volition unfastened the level for questions. Now fto maine notation the harmless harbor provisions nether the Private Securities Litigation Reform Act of 1995. This telephone whitethorn incorporate definite forward-looking statements that are taxable to important risks and uncertainties, including the aboriginal operating and fiscal show of the company. In galore cases, these risks and uncertainties are beyond our control.

Although the institution believes the expectations reflected successful its forward-looking statements are reasonable, it tin springiness nary assurance that specified expectations oregon immoderate of its forward-looking statements volition beryllium to beryllium correct, and existent results whitethorn disagree materially from expectations. Important hazard factors that could origin existent results to disagree materially from those reflected successful the forward-looking statements are included astatine the extremity of the property merchandise issued contiguous and successful the company's filings with the Securities and Exchange Commission. The accusation contained successful this telephone is close lone arsenic of the day discussed. Investors should not presume that statements volition stay operative astatine a aboriginal time. Tractor Supply undertakes nary work to update immoderate accusation discussed successful this call.

As we determination into the Q&A session, delight bounds yourself to 1 question to guarantee everyone has the accidental to participate. If you person further questions, delight consciousness escaped to rejoin the queue. We admit your knowing and cooperation, we volition besides beryllium disposable aft the telephone for immoderate further discussions. Now fto maine crook the telephone implicit to Hal.

Harry Lawton: Thank you, Mary Winn, and bully morning, everyone. Before we begin, I privation to convey our much than 52,000 Tractor Supply squad members. Their committedness and passionateness for beingness retired present proceed to acceptable america isolated and their dedication to delivering legendary work remains the instauration of our enactment successful agrarian retail. The retail situation remains cautious but stable, with spending absorption connected needs and tiny indulgences with immoderate grounds of travel consolidation. Within workplace and ranch, the broader marketplace has slowed, though we proceed to summation share. In fact, we estimation we had 1 of our champion stock performances successful Q1. In Pet, the class remains pressured.