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Story summary
- Tractor Supply Company posted Q2 net sales of $4.5 billion, up about 2% YoY, while net income fell 16% to $360.7 million.
- CEO Hal Lawton linked a 1.5% comparable-store sales dip to a southeastern drought and projected 2026 sales growth of 2.5%-3.5% with $990 million net income.
- The company will close about 75 Petsense stores, cut 10-15 new openings in 2027, and shift savings to delivery and remodels.
