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 partnered with Enerco Group to introduce the Grand Teton Collection of Wi-Fi-equipped pellet stoves. These stoves provide a cost-effective heating solution as traditional fuel costs rise, with significant savings potential through a 26% tax credit on purchase and installation. Customers can control these stoves remotely via a mobile app. With three sizes available, the stoves are designed for various spaces and can heat up to 2,500 square feet. The collection is available in select stores and online, with special financing offers for TSC Personal Credit Card holders.
Tractor Supply Company (NASDAQ: TSCO) announced its participation in the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022, at 8:05 a.m. Eastern Time. CEO Hal Lawton and CFO Kurt Barton will present in a virtual fireside chat. The event will be available for live streaming and archived replay for 90 days at IR.TractorSupply.com.
Tractor Supply is the largest rural lifestyle retailer in the U.S., operating over 2,000 stores and focusing on products for homeowners and farmers.
Tractor Supply Company (NASDAQ: TSCO) has announced the groundbreaking of its largest distribution center in Maumelle, Arkansas, investing $128 million. This 1.2 million-square-foot facility is expected to create nearly 500 full-time jobs and will service over 300 stores at full capacity. Designed for high energy efficiency, it aims for LEED Gold certification and features a rooftop solar array that will generate an estimated 6 million kW of electricity annually, achieving net-zero energy. Hiring for the new center will begin in October 2023.
Tractor Supply (NASDAQ: TSCO) announces enhancements to its Neighbor's Club loyalty program, now extending to its pet-exclusive retailer, Petsense. With more than 26 million members, the program will offer new services like free pet washes and grooming, starting August 22. The rebranding of Petsense aims to strengthen customer relationships and attract new pet owners. Stores will undergo a refresh for a modern shopping experience. Additionally, a Hill’s Pet Nutrition program will launch across all Petsense locations on August 27, supporting pet adoptions and providing resources for pet owners.
Tractor Supply Company (NASDAQ: TSCO) is hosting a nationwide Farmers Market event on October 1, inviting local growers and vendors to showcase their products. This event aims to connect communities, allowing participants to sell homemade and locally produced items, including fruits, vegetables, crafts, and more. Registration is open from August 13 to September 13. The event is designed to foster local businesses and support the community, with free participation for vendors and customers.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., declared a quarterly cash dividend of $0.92 per share of common stock. This dividend will be paid on September 7, 2022, to stockholders of record as of the close of business on August 22, 2022. With over 2,000 stores across 49 states, Tractor Supply targets recreational farmers, ranchers, and rural lifestyle enthusiasts, offering a wide range of products catering to this market.
Tractor Supply Company (NASDAQ: TSCO) has launched an exclusive VIP prize pack for its Neighbor's Club members, running from August 1 to September 30. Participants can win a $5,000 shopping spree and an all-expenses-paid trip to Las Vegas for the inaugural PBR Teams Series Finals in November. The total value of the prize package is approximately $10,000, which includes airfare, hotel accommodations, and VIP tickets. This initiative is part of Tractor Supply's ongoing partnership with Professional Bull Riders (PBR), enhancing customer engagement through unique experiences.
On World Nature Conservation Day, Tractor Supply Company (NASDAQ: TSCO) announced a partnership with Ducks Unlimited and Trout Unlimited, committing $150,000 each to conservation projects over three years. This initiative aims to enhance land conservation, wetland restoration, and tree planting. The partnership focuses on conserving 90,000 acres and aims to conserve 25 million gallons of water by 2025. Additionally, the campaign will plant 25,000 trees annually, helping to sequester CO2 and improve local ecosystems.
Tractor Supply Company (NASDAQ: TSCO) reported a strong second quarter for 2022, with net sales rising 8.4% to $3.90 billion and diluted EPS increasing 10.7% to $3.53. Comparable store sales grew by 5.5%, driven by a 7.5% increase in average ticket size. The company raised its fiscal 2022 outlook, expecting net sales of $13.95 billion to $14.05 billion. Operating income increased by 8.1%, alongside a net income rise of 7.1%. The company also repurchased 0.9 million shares and paid $102.6 million in dividends, demonstrating its commitment to shareholder returns.
Tractor Supply Company (NASDAQ: TSCO) announces Kimberley Gardiner as the new Senior Vice President and Chief Marketing Officer, succeeding Christi Korzekwa. Gardiner brings over 22 years of marketing experience, emphasizing digital trends and brand growth. Under Korzekwa's leadership, brand awareness improved significantly, including the successful Neighbor's Club loyalty program with over 26 million members. Gardiner's leadership is expected to further enhance brand positioning and marketing strategies.
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