Short answer
Tractor Supply (TSCO) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 27, 2025. Quarterly revenue was $3.7B (up 7.2% year over year) with net income of $259M.
Q3 2025 key financials · XBRL
- Revenue
- $3.7B
- +7.2% YoY · −16.2% QoQ
- Net income
- $259M
- +7.4% YoY · −39.7% QoQ
- Operating margin
- 9.2%
- Gross margin
- 37.4%
- EPS (diluted)
- $0.49
- −78.2% YoY · −38.8% QoQ
Source: XBRL data from the Tractor Supply (TSCO) Q3 2025 10-Q on SEC EDGAR. USD.
Tractor Supply Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $3.72B, up 7.2% YoY from $3.47B, driven by 3.9% comparable store sales growth, new stores, and Allivet acquisition
- Q3 operating margin 9.21% vs 9.36% YoY; gross margin 37.4% vs 37.2% YoY; SG&A 28.1% vs 27.8% YoY, indicating slight margin pressure
- Best segment: core Consumable, Usable & Edible (C.U.E.) products drove comparable sales growth; sales from new stores (including Allivet) $113.8M, 3.3 pts of growth
- Operating cash flow increased $406.8M to $1.31B in first nine months; capital expenditures rose $91.2M to $629.2M driven by new store openings and distribution center construction
- Management plans ~90 new Tractor Supply stores in fiscal 2025; increased repurchase authorization by $1B; notes potential tariff, transport cost headwinds impacting margins
Risk Factors
- New risk factor: Tariffs commenced in 2025 on imports from China increasing supply chain risks and costs
- Most updated risk: Vendor risk now includes potential vendor bankruptcy, cyber-attacks, and communication service breakdowns
- Regulatory/legal risk: Uncertainty in U.S. tax, trade policies, tariffs may materially affect merchandise costs and income tax rate
- Operational/market risk: Potential reduced access to supply and product demand due to ongoing and future tariffs and trade tensions
- Financial risk: Increased costs due to tariffs impacting merchandise sourced primarily from Asia and Central America, affecting profitability
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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