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.
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.
Tractor Supply Company (NASDAQ: TSCO) forecasts second-quarter net sales growth of 8% and comparable store sales growth of 5% compared to the prior year. Diluted earnings per share (EPS) is expected to be at least $3.48. The company credits strong seasonal product sales and effective inventory and cost management. It has also completed over 200 garden center projects and plans to enhance its mobile app for pets, promising a personalized shopping experience. With over 2,003 stores, Tractor Supply continues to target the rural lifestyle market.
Tractor Supply Company (NASDAQ: TSCO) will participate in Baird’s 2022 Global Consumer, Technology and Services Conference on June 7, 2022, at 7:55 a.m. Eastern Time. CEO Hal Lawton and CFO Kurt Barton will present.
The presentation will last 30 minutes and will be available via webcast, both live and as an archived replay for 90 days on IR.TractorSupply.com.
Tractor Supply Company (NASDAQ: TSCO) raised
Tractor Supply Company (NASDAQ: TSCO) has declared a quarterly cash dividend of $0.92 per share, scheduled for payment on June 8, 2022, to stockholders on record as of May 25, 2022. As the largest rural lifestyle retailer in the U.S., the company serves recreational farmers and ranchers, with over 2,003 stores nationwide as of March 26, 2022. Tractor Supply aims to provide essential products for home, land, pets, and animals, emphasizing customer service and product localization.
Tractor Supply Company (NASDAQ: TSCO) has launched its 12th Paper Clover campaign in partnership with National 4-H Council, running from April 27 to May 8. The initiative generates scholarships for 4-H youth, enhancing educational programs in various fields. Customers can donate by purchasing a paper clover at checkout. Donations made on a TSC Personal Credit Card will be matched by the company. Since its inception, the campaign has raised over $17 million, with last fall's campaign raising over $1.3 million.
Tractor Supply Company (NASDAQ: TSCO) reported strong Q1 2022 results, with net sales up 8.3% to $3.02 billion and diluted EPS rising to $1.65. Comparable store sales increased 5.2%, following a remarkable 38.6% growth last year. Despite ongoing supply chain issues and the Omicron variant, the company remains confident in its growth potential, reiterating its fiscal 2022 guidance of $13.6 billion - $13.8 billion in net sales and $9.20 - $9.50 EPS. The company also repurchased 1.4 million shares for $296.2 million in Q1, returning $399.6 million to shareholders.
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