TSCO changes
Pick any two versions below to diff them.
- Price
- $33.94 → $36.74(+8.2%)
- Balance sheet
- Cash: $199M Debt: $2.2B Net debt: $2.0B Interest cover: 18× Debt due within 12 months: $0.0M Tractor Supply funds itself with unsecured senior notes and a revolving credit facility. At September 26, 2026, long-term debt on the balance sheet was $2,230.3 million. It includes $750 million of 5.25% notes due 2033, $650 million of 1.75% notes due 2030, $500 million of 5.200% notes due 2032, issued on August 25, 2026, and $150 million of 3.70% notes due 2029. The rest is mostly borrowings under the revolving credit facility, which allows up to $1.30 billion since its amendment on May 19, 2026. The removed: Q3 release does not give the drawn amount, and the 10-Q for Q3 removed: 2026 was not added: 2026, filed on removed: October added: November 5, 2026, shows that $200.0 million was drawn on the revolving credit facility, down from $230.0 million at December 27, removed: 2026. added: 2025, and that no debt is due within 12 months. Debt does not include operating lease liabilities of $4,431.8 million for the leased stores. Interest cover is operating income of $1,008.3 million divided by net interest expense of $55.6 million for the first nine months of 2026. Operating cash flow was $882.6 million in the first nine months of 2026, against $1,310.4 million a year earlier, mostly because inventories and income tax payments rose. In Q3 2026, the company bought back 2.7 million shares for $88.5 million and paid $124.9 million of dividends, and it pays $0.24 per share each quarter. As of Sep 26, 2026.
- Recent events
- added: Nov 5, 2026: Tractor Supply declared a quarterly cash dividend of $0.24 per share. It is payable on December 8, 2026, to shareholders of record on November 23, 2026. Oct 22, 2026: Tractor Supply reported Q3 2026 results. Net sales grew 5.1% to $3.91 billion, and comparable store sales grew 0.4%, with 0.3% fewer transactions. Comparable sales improved in each month of the quarter. Gross margin fell to 36.4% from 37.4%, and operating income fell 10.2% to $307.7 million. Diluted EPS was $0.43. The company closed 74 Petsense stores and kept its 2026 outlook, with adjusted EPS of $1.90 to $2.00. Oct 9, 2026: Tractor Supply said that it will report Q3 2026 results before the market opens on October 22, 2026, with a call at 10 a.m. ET. Aug 25, 2026: Tractor Supply issued $500 million of 5.200% senior notes due 2032. It uses the money to repay borrowings under its revolving credit facility. Aug 3, 2026: Robert Mills, the Chief Technology Officer who also led digital and pet services, resigned from August 7, 2026. Seth Estep, the Chief Merchandising Officer, took over Allivet and VIP Petcare, and John Ordus, the Chief Stores Officer, took over Petsense. Jul 23, 2026: Tractor Supply reported Q2 2026 results. Net sales grew 2.3% to $4.54 billion, but comparable store sales fell 1.5%, with 1.7% fewer transactions. Adjusted EPS was $0.81. It recorded $65.8 million of charges to restructure Petsense, with about 75 store closures. It cut its 2026 outlook to adjusted EPS of $1.90 to $2.00 and withdrew its long-term financial framework. It will give a new framework with its Q4 2026 report. May 28, 2026: Tractor Supply bought VIP Petcare from PetIQ for $133.8 million. VIP Petcare runs community veterinary clinics in about 2,700 retail locations, including 1,700 Tractor Supply stores, and serves more than one million pets each year. May 19, 2026: Tractor Supply amended its senior credit facility, with a $1.30 billion revolving credit line. Apr 21, 2026: Tractor Supply reported Q1 2026 results. Net sales grew 3.6% to $3.59 billion, and comparable store sales grew 0.5%. Diluted EPS was $0.31. It kept its 2026 outlook of 1% to 3% comparable store sales growth and diluted EPS of $2.13 to $2.23.