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) reported a 9.1% increase in net sales for Q1 2023, reaching $3.30 billion, largely driven by strong sales in consumable, usable, and edible (C.U.E.) categories and contributions from recent acquisitions. Comparable store sales rose 2.1%, although below expectations due to unfavorable spring weather impacting seasonal product demand. Diluted earnings per share remained stable at $1.65, with net income down 2.2% to $183.1 million. The company confirmed its 2023 financial outlook, projecting net sales of $15.0 billion to $15.3 billion and earnings per diluted share between $10.30 and $10.60. Investments include opening 70 new Tractor Supply stores and converting Orscheln Farm and Home locations.
Tractor Supply Company (NASDAQ: TSCO) has launched its Spring Paper Clover campaign to fundraise for 4-H youth scholarships. Running from April 26 to May 7, customers can buy paper clovers at checkout in stores and online. The campaign aims to enhance educational opportunities for young people and has raised over $19 million since its inception in 2010, supporting more than 80,000 youth. 90% of donations go to local 4-H programs while 10% supports national initiatives. Chief Marketing Officer Kimberley Gardiner emphasized the importance of investing in youth skills development to prepare them for future leadership roles.
Tractor Supply Company (NASDAQ: TSCO) released its fourth annual stewardship tear sheet, highlighting sustainability progress made through 2022, coinciding with Earth Week. The company achieved a 12% reduction in absolute carbon emissions, aiming for a 20% decrease by 2025 and 50% by 2030 from a 2020 baseline. Its water conservation goal includes saving 25 million gallons by 2025. Tractor Supply also built its first distribution center to LEED Gold® standards and has committed over $15 million to community organizations. The company invites customers to a 'try before you buy' event on April 22-23, featuring zero-emission outdoor equipment from Greenworks and Bad Boy.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., will announce its first quarter 2023 results on April 27, 2023, before the market opens. This announcement will be followed by a conference call at 10 a.m. ET, hosted by President and CEO Hal Lawton, and CFO Kurt Barton. The call will be streamed live on the company's investor relations website. As of December 31, 2022, Tractor Supply operated 2,147 stores across 49 states, including 81 stores acquired from Orscheln Farm and Home, set to be rebranded by year-end 2023. Tractor Supply has served recreational farmers, ranchers, and pet owners for 85 years, emphasizing low prices and exceptional customer service.
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