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 launched its second annual 4-H Paper Clover fundraiser, running from November 29 to December 15. Customers can contribute at checkout in stores nationwide or online at TractorSupply.com. 90% of donations directly support 4-H youth in the donor's state, with 10% going to national programming.
The campaign, in its 14th year, has raised over $22 million since 2010, including $1.3 million in spring 2024. The funds support 4-H educational programs, leadership-building experiences, camps, and conferences. 4-H, America's largest youth development organization, serves nearly six million young people with research-based programming in agriculture, health, science, and civic engagement.
Liberty Safe and Tractor Supply Company have jointly donated $188,000 to Folds of Honor, a nonprofit organization providing educational scholarships to families of fallen and disabled military personnel and first responders. The donation stems from sales of an exclusive safe model created through their partnership. Folds of Honor has awarded nearly 62,000 scholarships across the United States since its inception. Customers can continue supporting the cause by purchasing the exclusive Liberty Safe model available at Tractor Supply stores.
Tractor Supply and Make-A-Wish Middle Tennessee celebrated their partnership by fulfilling their 25th collaborative wish, marking the nonprofit's 25th anniversary. The latest wish granted was a custom art barn for Olivia, a 13-year-old from Lewisburg battling cystic fibrosis. Tractor Supply donated a backyard structure and art supplies, while vendors like Backyard Products helped with assembly.
The partnership has previously granted various wishes including a miniature Highland cow for a 15-year-old cancer survivor, a chicken flock and coop for a 3-year-old with cystic fibrosis, and a miniature dachshund for an 18-year-old liver transplant patient. These wishes align with rural lifestyle and 'Life Out Here' themes.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the US, has announced its holiday season offerings and store hours. The company unveiled special deals on various products including home décor, pet supplies, outdoor gear, and tools. Notable items include unique holiday decorations like the six-foot Santa Christmas Rooster and special advent calendars. The retailer is offering both budget-friendly options under $50 and big-ticket items like gas-powered go-karts and propane griddles. Tractor Supply will be closed on Thanksgiving and Christmas Day, with modified hours during the holiday period. The company's Neighbor's Club members will receive early notice of sales and exclusive offers, with new members getting $5 in rewards between November 29 and December 2.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has announced a quarterly cash dividend of $1.10 per share. The dividend will be paid on December 10, 2024 to stockholders of record as of November 25, 2024. The company operates 2,270 Tractor Supply stores across 49 states and 205 Petsense by Tractor Supply stores in 23 states as of September 28, 2024.
Tractor Supply Company (NASDAQ: TSCO) has announced its upcoming Investment Community Day, scheduled for December 5, 2024, from 1-5 p.m. ET. The event will feature presentations from the executive leadership team, including President and CEO Hal Lawton, focusing on company strategy, growth plans, and financial outlook.
As the largest rural lifestyle retailer in the U.S., Tractor Supply operates 2,270 stores across 49 states and ranks 293 on the Fortune 500. The company also owns Petsense by Tractor Supply, with 205 stores in 23 states. The Investment Community Day will be webcast live on IR.TractorSupply.com and archived for later viewing.
Tractor Supply Company (NASDAQ: TSCO) has launched its 2024 FFA Future Leaders Scholarship fundraising drive, aiming to raise $1 million between now and November 10. Customers can donate at checkout in stores or online. The initiative provides $5,000 scholarships for two-year/trade schools and $10,000 scholarships for four-year agriculture-related programs. The 2023 drive raised over $1 million, funding 143 scholarships across 35 states. The program, established in 2022 with a $5 million commitment over five years, has awarded 289 scholarships to date. Recipients can interview for career opportunities at Tractor Supply locations and internships at its Store Support Center.
Tractor Supply Company (NASDAQ: TSCO) announced the pending acquisition of Allivet, a leading online pet pharmacy founded in 1992. The all-cash transaction is expected to close in Tractor Supply's fiscal first quarter of 2025. Allivet provides prescription and over-the-counter pet medications through its 'PetRx-as-a-Service' platform, partnering with major brands like AKC and Fetch Pet Insurance. The acquisition will enhance Tractor Supply's pet care offerings and provide its 37 million Neighbor's Club members with easier access to pet medications and specialty items.
Tractor Supply Company (NASDAQ: TSCO) has announced the acquisition of Allivet, a leading online pet pharmacy licensed in all 50 states. The all-cash transaction will expand TSCO's total addressable market by $15 billion and enhance services for its 37 million Neighbor's Club members, of whom 75% are pet owners. Allivet operates three distribution centers providing next-day delivery to most of the U.S. The acquisition is expected to close in TSCO's fiscal first quarter of 2025 and be accretive to earnings per share in year one. The deal strengthens an existing partnership, as Allivet's PetRx platform has been providing digital pet pharmacy services under the Tractor Supply brand.
Tractor Supply Company (NASDAQ: TSCO) reported Q3 2024 financial results with net sales increasing 1.6% to $3.47 billion, while comparable store sales slightly decreased by 0.2%. The company achieved diluted EPS of $2.24, down 3.9% from $2.33 in Q3 2023. Gross profit increased 3.2% to $1.29 billion, with gross margin improving to 37.2%. The company updated its fiscal 2024 guidance, raising the lower end of both sales ($14.85-15.0 billion) and EPS ($10.10-10.40) projections. Additionally, TSCO announced a definitive agreement to acquire Allivet, a leading online pet pharmacy.
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