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 (NASDAQ: TSCO) has partnered with Software AG to enhance customer purchasing experiences through advanced mobile solutions. This collaboration focuses on managing customer demand and improving shopping experiences across various channels, including stores, mobile, and click-and-collect options. The integration is crucial for adapting to customer needs, especially post-pandemic, as it enables real-time data exchange and operational excellence, ensuring uninterrupted service. With over 2,000 stores nationwide, Tractor Supply aims to provide customers with convenient shopping solutions.
Petsense, a pet specialty retailer and a subsidiary of Tractor Supply Company (TSCO), has donated 147,600 pounds of dog food to the BISSELL Pet Foundation for distribution to 12 animal shelters across Arkansas, Arizona, Florida, Louisiana, and Texas. This initiative aims to support local shelters and promote responsible pet adoption, aligning with Petsense's ongoing efforts since 2005 to save over 100,000 animal lives through pet adoption events.
Tractor Supply Company (NASDAQ: TSCO) has reached a significant milestone by surpassing 2,000 stores across the United States, with plans to open 75-80 new stores in 2022. The company originated as a mail-order tractor parts supplier in 1938 and has since grown to serve a diverse customer base, including farmers and pet owners. The latest store opened in Minot, N.D., which is also home to the company’s first retail location. Tractor Supply emphasizes community support, offering a wide range of products for rural lifestyles.
Tractor Supply Company (NASDAQ: TSCO) reported strong financial results for Q4 and fiscal 2021, with net sales increasing by 15.3% to $3.32 billion for Q4 and 19.9% to $12.73 billion for the fiscal year. Diluted EPS for Q4 rose 67.8% to $1.93, while fiscal 2021 EPS climbed 35.0% to $8.61. The Company increased its quarterly dividend by 77% to $0.92 per share and authorized $2.0 billion in additional share repurchases. For fiscal 2022, Tractor Supply anticipates net sales between $13.6 billion and $13.8 billion, with EPS projected to be between $9.20 and $9.50.
Tractor Supply Company (NASDAQ: TSCO) announced plans to build a new 900,000 square foot distribution center in Maumelle, Arkansas, with an investment of $100 million. This facility aims to create over 450 full-time jobs by the end of 2023 and will service approximately 250 Tractor Supply stores. Construction is slated to begin mid-2022, with completion expected by late 2023. The distribution center supports the company's expanding store base and e-commerce sales, enhancing its operational efficiency.
Tractor Supply Company (NASDAQ: TSCO) has partnered with Greenworks to become the exclusive retailer of the Greenworks Pro 60V battery-operated outdoor equipment. This new lineup includes over 75 professional-grade tools, such as mowers and pressure washers, aimed at enhancing their product offerings for the upcoming spring lawn season. The Greenworks tools feature zero emissions and interchangeable lithium-ion batteries, providing both sustainability and efficiency.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., will announce its fourth quarter and fiscal 2021 results on January 27, 2022, before markets open. A virtual video event featuring CEO Hal Lawton and CFO Kurt Barton will follow at 10:00 a.m. ET, discussing results and strategic initiatives supporting its 'Life Out Here' plans. A replay will be available on their investor relations website.
Tractor Supply Company (NASDAQ: TSCO) has released its 2020 Task Force on Climate-Related Financial Disclosures (TCFD) Report, emphasizing its commitment to Environmental, Social, and Governance (ESG) initiatives. The report outlines strategies for managing climate-related risks, aiming for net-zero emissions by 2040. Key strategies include enhancing energy efficiency, increasing renewable energy procurement, and improving transparency around supply chain emissions. This initiative aligns with TCFD recommendations to bolster transparency and sustainability within its operations.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., has joined the U.S. Environmental Protection Agency's Green Power Partnership. The company uses over 61 million kilowatt-hours of green power annually, equivalent to 15% of its electricity usage. Tractor Supply aims for net zero emissions by 2040 and prioritizes green power procurement. This initiative supports carbon efficiency and contributes to reducing air pollution. The Green Power Partnership fosters increased green power use among U.S. organizations, including Fortune 500 companies.
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