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) 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.
Wag! announced a strategic promotion with Tractor Supply and its subsidiary Petsense, offering customers 20% off their first three services when signing up through their websites. This collaboration enhances Wag!'s mobile-first pet care platform, which has completed over 12.1 million services and boasts a 96% 5-star review rate. Additionally, Wag! is set to merge with CHW Acquisition Corporation, creating Wag! Group Co., with a new Nasdaq ticker symbol, 'PET', expected in Q3 2022. The partnership aims to provide reliable pet care services to a wider audience.
Tractor Supply Company (NASDAQ: TSCO) has launched a sweepstakes in collaboration with Toro, offering customers a chance to win a fishing trip with Major League Fishing professional Brent Chapman and various Toro outdoor equipment prizes. Participants can enter until July 4, with the grand prize including a three-day getaway in the Finger Lakes of New York. Additionally, the company is introducing a new White Glove Delivery option for Toro zero-turn mowers, enhancing customer service with scheduled deliveries and tutorials on the product features.
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