Tractor Supply Announces Closure of Approximately 75 Petsense Stores
Tractor Supply Company (TSCO) announced the closure of approximately 75 underperforming Petsense locations during its second-quarter earnings call. The decision aims to improve returns and redirect resources toward higher-growth opportunities within Tractor Supply's broader business, which includes pet pharmacy Allivet and veterinary clinics VIP Petcare. Petsense, acquired in 2016 by TSCO, currently operates around 208 stores across more than 20 states. The closures will reduce its footprint to approximately 133 locations. CEO Harry Lawton noted that the affected stores were operating at a loss and described customer behavior as shifting toward deliberate shopping with an emphasis on needs-based purchases. TSCO's stock has faced challenges in 2026, closing Friday up around 2.3% but down nearly 38% year-to-date. The company also reported a decline in comparable store sales for Q2 and revised its full-year outlook downward.
Tickers: $TSCO
Topics: Petsense retail strategy Tractor Supply Company underperforming stores