TSCO · 10-Q · 2026Q2 · Full report
Capital Expenditure Program
TRACTOR SUPPLY CO /DE/ · 2026-08-06 · Importance 77 · Surprise 66 · In source text
First-half fiscal 2026 capital expenditures increased $84.1 million year over year to $435.7 million from $351.6 million.,Spending included $185.2 million for new, relocated and unopened stores, $123.7 million for existing stores, $73.4 million for information technology and $52.7 million for distribution-center capacity.,The company opened 68 new Tractor Supply stores in the first half versus 39 in the prior-year period and expects approximately 100 openings for fiscal 2026.,The Nampa, Idaho distribution center is expected to begin operations in the fourth quarter of fiscal 2026, with $34.8 million of construction commitments outstanding at June 27, 2026.,Fiscal 2026 projected capital expenditures net of sale-leaseback proceeds are $675 million to $725 million and include Project Fusion remodels, technology investments and Nampa construction.
Key facts
- Proceeds from sale of property and equipment in first six months of fiscal 2026: $69.9 million (vs $42.9 million prior year; variance $27.0 million), driven by sale-leaseback program. source
- Capital expenditures for existing stores in first six months of fiscal 2026: $123.7 million (vs $101.4 million prior year; variance -$22.3 million) related to Project Fusion remodels and side lot transformations. source
- Net cash used in investing activities in the first six months of fiscal 2026: $495.6 million vs $448.7 million in prior year, an increase of $46.9 million. source
- Total capital expenditures in the first six months of fiscal 2026: $435.7 million vs $351.6 million prior year, an increase of $84.1 million. source
- Capital expenditures for information technology in first six months of fiscal 2026: $73.4 million (vs $68.8 million prior year). source
- Contractual commitments as of June 27, 2026 related to construction of newest distribution center in Nampa, Idaho: approximately $34.8 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -0.7% | Total capital expenditures in the first six months of fiscal 2026: $435.7 million vs $351.6 million prior year, an increase of $84.1… |
| cash | positive | realized | +0.6% | Proceeds from sale of property and equipment in first six months of fiscal 2026: $69.9 million (vs $42.9 million prior year; variance… |
| cash | negative | realized | -0.4% | Net cash used in investing activities in the first six months of fiscal 2026: $495.6 million vs $448.7 million in prior year, an increase… |
| liability | negative | committed | -0.3% | Contractual commitments as of June 27, 2026 related to construction of newest distribution center in Nampa, Idaho: approximately $34.8… |
| cash | negative | realized | -0.2% | Capital expenditures for existing stores in first six months of fiscal 2026: $123.7 million (vs $101.4 million prior year; variance -$22.3… |
| cash | negative | realized | -0.0% | Capital expenditures for information technology in first six months of fiscal 2026: $73.4 million (vs $68.8 million prior year). |