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) 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.
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.
FAQ
What is the current stock price of Tractor Supply Co (TSCO)?
What is the market cap of Tractor Supply Co (TSCO)?
What is Tractor Supply Co. (TSCO)?
When was Tractor Supply Co. founded?
How many stores does Tractor Supply Co. operate?
What types of products does Tractor Supply Co. offer?
Who are the typical customers of Tractor Supply Co.?
Where are Tractor Supply Co. stores generally located?
What is the mission of Tractor Supply Co.?
What makes Tractor Supply Co. a significant part of its communities?
What are some of Tractor Supply Co.'s recent achievements?
How does Tractor Supply Co. stay connected with rural communities?
