Welcome to our dedicated page for Tractor Supply Co news (Ticker: TSCO), a resource for investors and traders seeking the latest updates and insights on Tractor Supply Co stock.
Tractor Supply Co. (TSCO) is the largest operator of retail farm and ranch stores in the United States. Founded in 1938 by Charles E. Schmidt, Sr. as a mail-order tractor parts business, the company has grown significantly over its 75+ years of service. Today, Tractor Supply operates over 2,233 stores across 49 states, including 81 Orscheln Farm and Home stores, which have been rebranded as Tractor Supply, and 202 Petsense by Tractor Supply stores.
Tractor Supply is not just about tractors. The company offers a wide range of products that cater to farmers, ranchers, pet owners, hobbyists, construction workers, and suburban landowners. The product categories include livestock, equine & agriculture (27% of revenue), companion animal (25%), and seasonal & recreation (22%). These products range from lawn and animal care items to equipment and clothing, making Tractor Supply an essential part of the communities it serves.
Recent achievements for the company include the continuous expansion of its store network and the enhancement of its product offerings to meet the diverse needs of its customer base. Tractor Supply also prides itself on its deep connection with rural communities, where it serves as a vital source of expertise and advice.
Financially, Tractor Supply has demonstrated robust performance, driven by its strategic focus on rural America and the commitment to providing high-quality products and exceptional customer service. The company's steady growth and strong market presence make it one of the fastest-growing retail organizations in the nation.
Tractor Supply continues to pursue new projects and partnerships to further solidify its market position and to better serve its diverse customer base. The company’s stores are generally located in rural areas, where people have a strong connection to the land, aligning with Tractor Supply’s mission to support the lifestyle and work of its customers.
Tractor Supply Company (NASDAQ: TSCO) has been named to Computerworld's 2025 Best Places to Work in IT, marking its third appearance on this prestigious list. Ranked 46th in the 'Large Organizations' category, TSCO was recognized for its commitment to IT staff development and innovative technology integration.
The company has demonstrated significant technological advancement over the past four years, implementing key initiatives including a mobile app, buy online pick-up in store (BOPIS), enhanced supply chain technology, and 'Hey GURA,' a generative AI tool for store team members. Robert Mills, chief technology, digital and corporate strategy officer, emphasized IT's important role in business growth and operations.
The selection process evaluated companies based on benefits, career development, future of work, training, and retention. As the largest rural lifestyle retailer in the U.S., Tractor Supply operates 2,270 stores across 49 states and 205 Petsense locations in 23 states as of September 2024.
Petsense by Tractor Supply has announced the expansion of Stella & Chewy's product offerings across all its stores nationwide. The expanded lineup includes freeze-dried raw patties, meal mixers, kibble, and raw-inspired nutrition solutions for both dogs and cats. To celebrate the launch, customers can receive 20% off all Stella & Chewy's freeze-dried raw pet products through December 31.
The products are formulated to mirror ancestral diets, providing protein and nutrients for pet health benefits. The expanded selection includes various meal mixers, specialized solutions for digestion, skin, coat, hip and joint health, and Marie's Magical Dinner Dust products. Petsense by Tractor Supply operates 205 stores in 23 states, focusing on meeting pet owners' needs in small and mid-size communities.
Tractor Supply Company (NASDAQ: TSCO) unveiled its Life Out Here 2030 strategy, announcing significant expansion plans and a 5-for-1 stock split. The company increased its total addressable market estimate to $225 billion and raised its long-term store count target to 3,200 locations.
The strategy includes new initiatives such as Pet Rx, Direct Sales, and a Retail Media Network. The company updated its long-term financial targets, projecting net sales growth of 6-8%, comparable store sales growth of 3-5%, and operating margin of 10-10.5%. For 2025, TSCO plans to open 90 new Tractor Supply stores and 10 new Petsense locations.
The stock split will be distributed to shareholders of record as of December 16, 2024, with trading on a split-adjusted basis beginning December 20, 2024.
Tractor Supply Company (NASDAQ: TSCO) has raised over $1 million for its FFA Future Leaders Scholarship fund, bringing the three-year total to more than $3 million. The scholarship program, supported by a five-year, $5 million commitment from the Tractor Supply Foundation, provides $5,000 awards to students attending trade schools and two-year colleges for skilled trades or agriculture-related studies, and $10,000 scholarships for four-year agriculture-related majors. To date, 289 students have received scholarships. The program, which is the largest ag-related scholarship of its kind, is accepting applications for 2025 until January 9.
Tractor Supply Company (NASDAQ: TSCO) has launched its second annual 4-H Paper Clover fundraiser, running from November 29 to December 15. Customers can contribute at checkout in stores nationwide or online at TractorSupply.com. 90% of donations directly support 4-H youth in the donor's state, with 10% going to national programming.
The campaign, in its 14th year, has raised over $22 million since 2010, including $1.3 million in spring 2024. The funds support 4-H educational programs, leadership-building experiences, camps, and conferences. 4-H, America's largest youth development organization, serves nearly six million young people with research-based programming in agriculture, health, science, and civic engagement.
Liberty Safe and Tractor Supply Company have jointly donated $188,000 to Folds of Honor, a nonprofit organization providing educational scholarships to families of fallen and disabled military personnel and first responders. The donation stems from sales of an exclusive safe model created through their partnership. Folds of Honor has awarded nearly 62,000 scholarships across the United States since its inception. Customers can continue supporting the cause by purchasing the exclusive Liberty Safe model available at Tractor Supply stores.
Tractor Supply and Make-A-Wish Middle Tennessee celebrated their partnership by fulfilling their 25th collaborative wish, marking the nonprofit's 25th anniversary. The latest wish granted was a custom art barn for Olivia, a 13-year-old from Lewisburg battling cystic fibrosis. Tractor Supply donated a backyard structure and art supplies, while vendors like Backyard Products helped with assembly.
The partnership has previously granted various wishes including a miniature Highland cow for a 15-year-old cancer survivor, a chicken flock and coop for a 3-year-old with cystic fibrosis, and a miniature dachshund for an 18-year-old liver transplant patient. These wishes align with rural lifestyle and 'Life Out Here' themes.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the US, has announced its holiday season offerings and store hours. The company unveiled special deals on various products including home décor, pet supplies, outdoor gear, and tools. Notable items include unique holiday decorations like the six-foot Santa Christmas Rooster and special advent calendars. The retailer is offering both budget-friendly options under $50 and big-ticket items like gas-powered go-karts and propane griddles. Tractor Supply will be closed on Thanksgiving and Christmas Day, with modified hours during the holiday period. The company's Neighbor's Club members will receive early notice of sales and exclusive offers, with new members getting $5 in rewards between November 29 and December 2.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has announced a quarterly cash dividend of $1.10 per share. The dividend will be paid on December 10, 2024 to stockholders of record as of November 25, 2024. The company operates 2,270 Tractor Supply stores across 49 states and 205 Petsense by Tractor Supply stores in 23 states as of September 28, 2024.
Tractor Supply Company (NASDAQ: TSCO) has announced its upcoming Investment Community Day, scheduled for December 5, 2024, from 1-5 p.m. ET. The event will feature presentations from the executive leadership team, including President and CEO Hal Lawton, focusing on company strategy, growth plans, and financial outlook.
As the largest rural lifestyle retailer in the U.S., Tractor Supply operates 2,270 stores across 49 states and ranks 293 on the Fortune 500. The company also owns Petsense by Tractor Supply, with 205 stores in 23 states. The Investment Community Day will be webcast live on IR.TractorSupply.com and archived for later viewing.
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