Welcome to our dedicated page for Tractor Supply news (Ticker: TSCO), a resource for investors and traders seeking the latest updates and insights on Tractor Supply 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 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.
Petsense, a subsidiary of Tractor Supply Company (NASDAQ: TSCO), has launched 4health premium pet food at its stores, both in-person and online. The brand, exclusive to Petsense and Tractor Supply, aims to deliver optimal nutrition for pets, offering a variety of formulas catering to different life stages and dietary needs. With 28 varieties of dog food and 12 for cats, the new product line emphasizes quality ingredients and is free from artificial additives. This move is expected to enhance customer satisfaction and support Petsense' commitment to pet health.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., will participate in the Stephens 2021 Annual Investment Conference on December 1, 2021, at 9 a.m. Central Time. CEO Hal Lawton and CFO Kurt Barton will take part in a virtual fireside chat. The presentation will be webcast and available for 90 days on the company's investor relations website. As of September 25, 2021, Tractor Supply operates 1,967 stores and 177 Petsense locations, catering to recreational farmers and pet owners.
Tractor Supply Company (NASDAQ: TSCO) announced its 2021 Fall Paper Clover campaign raised a record-setting $1,311,670 for
Tractor Supply Company (NASDAQ: TSCO) announced a quarterly cash dividend of
Tractor Supply Company (NASDAQ: TSCO) announced the winners of its annual Rescue Your Rescue social media contest, awarding eight animal rescue groups with $25,000 each, totaling $200,000 in donations. The contest, held in partnership with Canidae Premium Pet Food, received over 23,000 nominations from customers during Pet Appreciation Week, showcasing community support for animal welfare. Winning organizations include Horse at a Time Draft Horse Rescue and Farmhouse Animal & Nature Sanctuary, among others. Finalists received gift cards for supplies, further promoting animal care.
Tractor Supply Company (NASDAQ: TSCO) reported a 15.8% increase in net sales to $3.02 billion for Q3 2021, alongside a 13.1% rise in comparable store sales, marking six consecutive quarters of over 10% growth. Diluted EPS grew by 20.4% to $1.95. The company raised its fiscal 2021 guidance to reflect strong year-to-date performance, projecting net sales of ~$12.6 billion and EPS between $8.40 to $8.50. Despite inflationary pressures impacting gross margin, the overall business remains robust with significant market share gains.
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