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 received FTC clearance for its acquisition of Orscheln Farm and Home, set to close on October 12, 2022. The all-cash transaction involves acquiring a net of 81 stores for approximately $238 million, with an anticipated future tax benefit of $20 million. This acquisition is projected to add about $75 million in revenue for Q4 2022 and at least $300 million for fiscal 2023, contributing an estimated $0.10 to diluted EPS. The company's store growth outlook has also increased to 2,800 locations.
Honeywell (Nasdaq: HON) has partnered with Tractor Supply Company (Nasdaq: TSCO) to enhance operations in over 2,000 stores across the U.S. by deploying Honeywell's CT40XP mobile computers and Operational Intelligence Professional software. This implementation has boosted productivity, improved inventory accuracy, and reduced the average propane refill time by 93%, from seven minutes to 30 seconds. The initiative aims to streamline customer experiences and empower Team Members, ultimately fostering stronger customer relationships and operational efficiencies.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., announced a $100,000 grant to Conexión Américas, a nonprofit supporting Latino families in Middle Tennessee. The funding will facilitate workforce training programs, including resume building and job readiness, and enhance community engagement through cultural events. This collaboration aims to bridge cultural gaps and improve employment opportunities for Latino communities. The Tractor Supply Foundation's involvement also promotes volunteerism among its employees.
Tractor Supply Company (NASDAQ: TSCO) has announced a $100,000 grant to Conexión Américas, a nonprofit aiding Latino families in Middle Tennessee. This partnership aims to promote social and economic integration through skills training, job readiness, and bilingual resources. The grant will enhance community engagement and provide workforce opportunities, including job postings on Conexión Américas' online platform. Tractor Supply also plans to participate in events celebrating Hispanic Heritage, promoting cultural awareness and inclusivity.
Tractor Supply Company (NASDAQ: TSCO) will release its Q3 2022 results before the market opens on October 20, 2022. A conference call will be held at 10:00 a.m. ET on the same day, hosted by CEO Hal Lawton and CFO Kurt Barton. The call will be webcast live and a replay will be available shortly afterward. Tractor Supply, the largest rural lifestyle retailer in the U.S., operates 2,016 stores and 178 Petsense locations, focusing on the needs of rural lifestyle consumers.
Tractor Supply Company (NASDAQ: TSCO) pledges $100,000 to the American Red Cross Disaster Relief to assist communities affected by Hurricane Ian, recent wildfires, and flooding in Kentucky. The company will also distribute gift cards through stores for vital supplies. Additionally, it has access to an emergency financial assistance fund for impacted employees. The foundation aims to support vibrant rural communities and has previously donated over $14 million to charitable causes, reinforcing its commitment to community support during disasters.
Tractor Supply, the largest rural lifestyle retailer in the U.S., will host a nationwide Farmers Market event on Saturday, Oct. 1. The event aims to showcase local farmers, growers, and artisans, inviting the community to shop for homemade goods and enjoy family-friendly activities. Hosted outside over 2,000 stores, the market will feature various vendors offering fresh produce, arts and crafts, and specialty food. This marks the third year of the event, underscoring Tractor Supply's commitment to supporting local communities and enhancing the rural lifestyle.
Tractor Supply Company (TSCO) launched its eighth annual T-shirt fundraiser supporting the National FFA Organization. Customers can purchase special-edition shirts to fund agricultural programs across the U.S., with proceeds aiding local FFA chapters. This fundraiser has raised nearly $2 million since 2015. Additionally, the Tractor Supply Foundation surprised FFA students from East Wake High School in North Carolina with funds for their trip to the FFA Convention in Indianapolis, October 26-29. The FFA Convention celebrates member achievements and promotes agricultural education.
Tractor Supply Company (NASDAQ: TSCO), alongside Carhartt and the Tractor Supply Company Foundation, has launched the second year of its "Support the Trades" merchandise line. This initiative aims to address the skilled trades gap in the U.S. with a portion of proceeds benefiting SkillsUSA, which equips students for trade careers. The line features exclusive apparel and accessories, and the companies committed a total of $150,000 to SkillsUSA. The shortage of skilled workers could result in 85 million unfilled jobs and $8.5 trillion in unrealized revenue by 2030.
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