STOCK TITAN

Tractor Supply Co - TSCO STOCK NEWS

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.

Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO) has announced a $100,000 donation to the American Farmland Trust for its Brighter Future Fund. This initiative supports small family farmers and ranchers facing challenges such as COVID-19 and severe weather. This marks the third consecutive year of support from the Tractor Supply Company Foundation. The funds will provide 20 grants of $5,000 each aimed at improving farm viability and supporting regenerative practices. The Brighter Future Fund has received numerous applications, highlighting the urgent need for such assistance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
none
-
Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO) has partnered with Klarna to introduce a new payment option allowing customers to split purchases into four interest-free payments. This service is available both online and in-store, enhancing customer flexibility as they prepare for the holiday shopping season. The first payment is due at order confirmation, with subsequent payments collected every two weeks. This initiative is aimed at improving the shopping experience and catering to diverse financial needs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
none
-
Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO) has announced a partnership with country music star Lainey Wilson, naming her as its new Brand Ambassador. This collaboration aims to support emerging country artists through a yearlong Emerging Artist Program launching in 2023. The partnership kicked off with a TikTok-style TV ad featuring Wilson during the Yellowstone season five premiere. Tractor Supply emphasizes its commitment to the rural lifestyle and the 'Life Out Here' initiative through this collaboration.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.78%
Tags
partnership
Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., raised $1.1 million during its Fall Paper Clover Campaign, benefiting over 10,000 4-H youth. This fundraiser, which took place from October 5-16, supports scholarships and educational programs for young people involved in 4-H. Combined with its Spring campaign, the company has contributed $2.4 million to 4-H this year, totaling over $19 million since the initiative began in 2010. The partnership continues to empower youth through leadership and STEM initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
Tags
none
-
Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO) has declared a quarterly cash dividend of $0.92 per share, set for payment on December 6, 2022. Shareholders on record as of November 21, 2022 will receive this dividend. As the largest rural lifestyle retailer in the U.S., Tractor Supply continues to target recreational farmers and ranchers, operating over 2,027 stores across 49 states. The recent acquisition of 81 stores from Orscheln Farm and Home, expected to be completed by year-end, reflects the company's growth strategy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
Tags
dividends
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.14%
Tags
none
Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., will participate in the Stephens 2022 Annual Investment Conference on November 16, 2022, at 1:00 p.m. Central Time. CFO Kurt Barton and CMO Seth Estep will present in a virtual fireside chat. The presentation will be available via webcast for 90 days at IR.TractorSupply.com. As of September 24, 2022, Tractor Supply operated 2,027 stores nationwide and is set to rebrand 81 acquired Orscheln Farm and Home stores by the end of 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.14%
Tags
conferences
-
Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO) has introduced the new TSC Visa Credit Card in partnership with Citi Retail Services, enhancing customer engagement. This card offers rewards such as 5% back on Tractor Supply purchases and 3% on gas and grocery store purchases, with no annual fee. Customers will automatically gain Neighbor’s Club Preferred Plus status, unlocking additional perks. This expansion follows a long-standing relationship with Citi and aims to provide customers with more rewarding options.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
none
-
Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO) has launched the FFA Future Leaders Scholarship Fund, committing $1 million annually for five years, making it the largest agricultural scholarship fund. This initiative aims to support students in agriculture and skilled trades, providing 150 scholarships each year. Recipients will also have job opportunities at Tractor Supply while studying. The scholarship program addresses the growing need for skilled workers in agriculture, with job growth projected at 7% through 2028. Applications open from November 1, 2022, to January 12, 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.3%
Tags
none
Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO) reported third-quarter 2022 net sales of $3.27 billion, up 8.4% from the prior year, with comparable store sales increasing 5.7%. Diluted EPS rose 7.7% to $2.10. The company raised its fiscal 2022 diluted EPS guidance to $9.55-$9.63, aided by the acquisition of Orscheln Farm and Home, expected to contribute $75 million to net sales. Gross profit increased 7.4%, driven by strong demand for consumable products, though a slight decline in gross margin was noted. SG&A expenses rose 9.0%, reflecting strategic growth investments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.46%
Tags

FAQ

What is the current stock price of Tractor Supply Co (TSCO)?

The current stock price of Tractor Supply Co (TSCO) is $53.69 as of December 23, 2024.

What is the market cap of Tractor Supply Co (TSCO)?

The market cap of Tractor Supply Co (TSCO) is approximately 28.4B.

What is Tractor Supply Co. (TSCO)?

Tractor Supply Co. is the largest operator of retail farm and ranch stores in the United States, offering a wide range of products for farmers, ranchers, and pet owners.

When was Tractor Supply Co. founded?

Tractor Supply Co. was founded in 1938 by Charles E. Schmidt, Sr. as a mail-order tractor parts business.

How many stores does Tractor Supply Co. operate?

Tractor Supply Co. operates over 2,233 stores across 49 states, including 81 Orscheln Farm and Home stores rebranded as Tractor Supply and 202 Petsense by Tractor Supply stores.

What types of products does Tractor Supply Co. offer?

Tractor Supply Co. offers products in categories such as livestock, equine & agriculture, companion animal, and seasonal & recreation.

Who are the typical customers of Tractor Supply Co.?

The typical customers include farmers, ranchers, pet owners, hobbyists, construction & trades people, and suburban landowners.

Where are Tractor Supply Co. stores generally located?

Tractor Supply Co. stores are generally located in rural communities and the outlying areas of large cities.

What is the mission of Tractor Supply Co.?

The mission of Tractor Supply Co. is to support the lifestyle and work of its diverse customer base by providing high-quality products and exceptional customer service.

What makes Tractor Supply Co. a significant part of its communities?

Tractor Supply Co. is significant because it offers a wide range of products, expert advice, and serves as a community hub in rural areas.

What are some of Tractor Supply Co.'s recent achievements?

Recent achievements include expanding its store network, enhancing product offerings, and maintaining robust financial performance.

How does Tractor Supply Co. stay connected with rural communities?

Tractor Supply Co. stays connected through its strategic store locations, product offerings that meet rural needs, and a commitment to excellent customer service.

Tractor Supply Co

Nasdaq:TSCO

TSCO Rankings

TSCO Stock Data

28.42B
106.52M
0.28%
97.89%
5.59%
Specialty Retail
Retail-building Materials, Hardware, Garden Supply
Link
United States of America
BRENTWOOD