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) and Carhartt announced a $150,000 donation to SkillsUSA to support training for students in skilled trades. This donation, made at a Hendersonville, Tennessee store, includes $100,000 raised from the sale of exclusive merchandise and an additional $50,000 from the Tractor Supply Foundation. The collaboration aims to address the skilled labor shortage in the U.S., projected to leave millions of jobs unfilled in various sectors. SkillsUSA focuses on empowering students with necessary technical and personal skills for successful careers in trades.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has extended CEO Hal Lawton's contract to 2026 and elected Edna Morris as Chairman of the Board, succeeding Cynthia Jamison, who is retiring on May 11, 2023. The Board expresses gratitude for Jamison's over 20 years of service. The company reports significant growth, with net sales increasing 70% and diluted earnings per share growing over 200% since Lawton's appointment in January 2020. Tractor Supply continues to thrive, celebrating its 85th anniversary with a focus on local customer needs and a strategy to enhance shareholder value.
Tractor Supply Company (NASDAQ: TSCO) announced a quarterly cash dividend of $1.03 per share, marking a 12% increase from the previous dividend of $0.92. This decision reflects the company's consistent commitment to increasing shareholder value, with this being the 14th consecutive year of rising dividends. The dividend will be paid on March 14, 2023, to shareholders on record as of February 27, 2023. The Board's confidence in the company's financial health and growth strategy is underscored by this move, alongside the robust cash flow generation.
Tractor Supply Company (NASDAQ: TSCO) reported record financial results for Q4 and FY 2022, ending December 31. In Q4, net sales rose 20.7% to $4.01 billion, driven by a 8.6% increase in comparable store sales. Fiscal 2022 net sales increased 11.6% to $14.20 billion, with diluted EPS growing 25.9% to $2.43. The company returned $1.11 billion to shareholders. Notable achievements included the acquisition of Orscheln Farm and Home and expansion of 39 new stores in Q4. For FY 2023, TSCO anticipates net sales of $15.0 to $15.3 billion and diluted EPS of $10.30 to $10.60.
Tractor Supply Company (NASDAQ: TSCO) has opened its largest distribution center in Navarre, Ohio, marking its first such facility since 2018. The center is expected to create 500 full-time jobs and support over 250 stores while fulfilling e-commerce orders in Ohio and the Upper Midwest. Since 2018, Tractor Supply has seen a 70% increase in net sales. The facility covers 900,000 square feet and is built to LEED Gold® standards, featuring a rooftop solar array that reduces carbon emissions by approximately 4,100 metric tons annually. The opening represents a significant investment in the local community and reinforces the company's commitment to sustainability.
Tractor Supply Company (NASDAQ: TSCO) will announce its fourth quarter and fiscal 2022 results on January 26, 2023, before market opening. A conference call led by CEO Hal Lawton and CFO Kurt Barton is scheduled for 10:00 a.m. ET on the same day, accessible via IR.TractorSupply.com. As of September 24, 2022, the company operated 2,027 stores across 49 states and acquired 81 stores from Orscheln Farm and Home, set to be rebranded by year-end 2023.
Tractor Supply Company (NASDAQ: TSCO) released its 2021 Task Force on Climate-Related Financial Disclosures (TCFD) report, marking its third consecutive year of compliance with TCFD guidelines. The report outlines the company's strategy to mitigate climate-related risks, including a commitment to reduce operational emissions by 20% by 2025 and achieve net-zero emissions by 2040. Key initiatives highlight water conservation and construction of a LEED® Gold certified distribution center. The report emphasizes transparency in measuring climate-related risks and opportunities.
Tractor Supply Company (NASDAQ: TSCO) has been recognized as one of the Best Places to Work in IT by Computerworld for 2023, marking its second consecutive appearance on this prestigious list. The Company ranked 32nd among large organizations, highlighting its commitment to a rewarding work environment for IT professionals. With 50,000 employees and over 2,000 stores across the U.S., Tractor Supply aims to deliver exceptional customer service through innovative IT solutions. The ranking reflects the Company’s efforts in areas such as benefits, career development, and workplace diversity.
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