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 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.
Tractor Supply Company (NASDAQ: TSCO) is hosting its first Hometown Heroes Days celebration from October 26 to November 11 at all Tractor Supply and Petsense by Tractor Supply locations nationwide. The event honors military service members, veterans, and first responders with promotions and activities, including a 10% discount on First Responders Day (October 28) and Veterans Day (November 11) for verified Hometown Heroes.
The company has announced new spotlight honorees for its Hometown Heroes series, donating $5,000 to each hero's chosen charity. Additionally, the Tractor Supply Company Foundation is contributing an extra $50,000 to the National Police Dog Foundation, augmenting its initial $1 million donation to 10 charities supporting military service members, veterans, and first responders.
Customers can participate by filling out 'Thank You' postcards at stores to express gratitude to those who serve. The Hometown Heroes program offers discounts with no limit on total savings and no brand exclusions for verified members through Neighbor's Club.
Petsense by Tractor Supply is organizing its semiannual 'Adoptathon' event on Saturday, October 19, from 10 a.m. to 4 p.m. at all locations nationwide. The event aims to find homes for 1,200 dogs and cats, building on the success of last spring's event that placed 1,142 pets. The initiative addresses the issue of approximately 6.3 million animals entering U.S. shelters annually.
The event will feature local animal shelters and rescue groups on-site with adoptable pets. Adopters will receive goody bags with giveaways and special coupons. Petsense by Tractor Supply, a subsidiary of Tractor Supply Company (NASDAQ: TSCO), operates 205 stores in 23 states as of September 2024 and has saved over 186,788 pet lives through adoption to date.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has announced its plans to release third quarter 2024 results on Thursday, October 24, 2024, before the market opens. The company will also host a conference call at 10 a.m. ET on the same day, featuring Hal Lawton, president and CEO, and Kurt Barton, executive vice president and CFO.
The call will be webcast live on the company's investor relations website, IR.TractorSupply.com. Supplemental materials will be available at least 15 minutes before the call starts. Investors are advised to allow extra time to download the necessary streaming media software. A replay of the webcast will be available on the same website shortly after the conference call concludes.
Tractor Supply Company (NASDAQ: TSCO) has launched a new, -edition collection of ornaments to benefit 4-H. The collection features three designs - a cow, pig, and goat - available for $4.99 at stores nationwide. All proceeds from ornament sales will directly support 4-H programming, which empowers young people with leadership skills.
John Ordus, chief stores officer at Tractor Supply and National 4-H Council board member, emphasized the importance of fundraising for 4-H youth. Tractor Supply has sponsored 4-H for 14 years, participating in biannual 'Paper Clover' fundraising events that have raised over $20 million since 2010. The spring 2024 event alone raised over $1.3 million.
4-H, America's largest youth development organization, engages nearly six million young people in hands-on learning opportunities across the country. To learn more about Tractor Supply's partnership with 4-H, visit www.TractorSupply.com/4H.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the US, has surprised five high school FFA chapters with funds for 75 students to attend the 97th Annual National FFA Convention and Expo in Indianapolis this October. The donation covers travel costs, enabling students who might otherwise face financial barriers to participate in this pivotal agricultural education event.
Tractor Supply's commitment to nurturing future agricultural leaders is evident in their long-standing partnership with FFA since 1985, having donated nearly $24 million to date. In 2022, the company pledged $5 million over five years to the FFA Future Leaders Scholarship, benefiting nearly 300 students so far.
The selected schools are: Mitchell Career and Technical Education Academy (SD), Riverdale High School (TN), Screven County High School (GA), Southern Guilford High School (NC), and Weatherford High School (TX). This initiative aligns with Tractor Supply's mission to support agricultural education and provide opportunities for students in areas where funding for such programs is often
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has been awarded the 2024 SmartWay Excellence Award by the U.S. Environmental Protection Agency (EPA). This prestigious recognition highlights Tractor Supply's exceptional efforts in implementing efficient operational practices that save fuel, reduce costs, and minimize environmental impact in their supply chain.
As one of only 18 companies to receive this distinction, Tractor Supply has demonstrated outstanding performance among SmartWay's partners. The company has been a SmartWay partner since 2014 and has consistently been recognized as a SmartWay High Performer since 2019. Tractor Supply's commitment to efficiency is evident in their recent opening of distribution centers in Navarre, Ohio, and Maumelle, Arkansas, which aim to reduce transit time and miles traveled while serving their growing customer base across more than 2,200 stores.
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