{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"Tractor Supply Stock: Cut in Half, ~16x Earnings — Quality on Sale, or a Broken Grower? (TSCO)","slug":"tractor-supply-stock-cut-in-half-16x-earnings-quality-on-sale-or-a-broken-grower-tsco","published_at":"2026-07-25T03:32:13+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/tractor-supply-stock-cut-in-half-16x-earnings-quality-on-sale-or-a-broken-grower-tsco","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/tractor-supply-stock-cut-in-half-16x-earnings-%e2%80%94-quality-on-sale-or-a-broken-grower-tsco/","audio_url":"https://mcdn.podbean.com/mf/web/oqos1jxd71qgwtq7/audio_w.mp3","summary":"Tractor Supply Company (TSCO) Q2 2026 — Tractor Supply (TSCO) reported Q2 2026 and missed: net sales rose 2.3% to $4.54B, but comparable-store sales fell 1.5% (transaction count -1.7%, ticket +0.2%), and adjusted diluted EPS of $0.81 (flat YoY) came in below the Street's ~$0.85. GAAP EPS dropped 14.9% to $0.69, dragged by a $65.8M Petsense restructuring charge (closing ~75 stores) plus $9.5M of VIP Petcare acquisition costs. Operating income fell 19.2% to $467.1M (-5.1% adjusted to $548.3M); net income fell 16.1% to $360.7M. Gross margin actually expanded to 37.1% (37.2% adjusted) on tariff benefits and cost discipline, but SG&A deleveraged to 26.8% of sales. Management blamed an unusually adverse May (comps were positive in April and June), cut its FY2026 outlook (net sales +2.5% to +3.5%, comps -1% to flat, adjusted EPS $1.90-$2.00), and withdrew the long-term framework from its December 2024 Investor Day (a new one comes with Q4). The company still returned $260.9M in Q2 ($135.3M buybacks at ~$34.92 avg + $125.6M dividends) and opened 28 Tractor Supply and 3 Petsense stores (2,672 total). The stock has been cut roughly in half over the past year to ~$31, leaving it near ~16x forward earnings — a decade-low multiple — with a ~3.1% dividend raised 16 straight years. Our owner-earnings / DCF pegs fair value near $35 — about 13% above the price, in line with the Street's ~$37 average. Our call: HOLD, 3/5. Tractor Supply — the largest rural lifestyle retailer in America, an 88-year-old franchise built on needs-based demand like animal feed and farm essentials — has quietly been cut in half, from ~$63 to ~$31. The reason: growth stalled. In Q2 2026 the company missed, with comparable-store sales falling 1.5% and adjusted EPS of $0.81 landing below the ~$0.85 Street es…","meta_description":"Tractor Supply Company (TSCO) Q2 2026 — Tractor Supply (TSCO) reported Q2 2026 and missed: net sales rose 2.3% to $4.54B, but comparable-store sales fell…","key_points":[],"chapters":[],"topics":[],"duration_seconds":852,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/tractor-supply-stock-cut-in-half-16x-earnings-quality-on-sale-or-a-broken-grower-tsco/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/tractor-supply-stock-cut-in-half-16x-earnings-quality-on-sale-or-a-broken-grower-tsco.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}