TSCO · 10-Q · 2026Q3 · Full report

Petsense Restructuring

TRACTOR SUPPLY CO /DE/ · 2026-11-05 · Importance 65 · Surprise 82

During the first nine months of fiscal 2026, the Company closed 74 Petsense stores, compared with one closure in the third quarter of fiscal 2025. Petsense-related charges included $5.9 million of inventory impairment, $33.2 million of goodwill and intangible-asset impairment, and $32.6 million of other impairment and restructuring charges. The closures contributed to the Company’s reported nine-month gross profit and SG&A results, with the $5.9 million inventory impairment included in cost of merchandise sold. Petsense store closures totaled 75 for the first nine months, compared with four in the year-earlier period.

Key facts

• First-nine-month fiscal 2026 gross profit included $5.9 million of inventory impairment expense related to closing 74 Petsense stores; adjusted gross margin declined 20 basis points to 36.7%. source