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) 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.
Tractor Supply Company (NASDAQ: TSCO) has launched its 2021 Fall Paper Clover fundraising campaign in partnership with 4-H, running through October 17. The initiative aims to support 4-H programming with 90% of funds directed towards scholarships for youth. Over 11 years, the partnership has raised over $15 million, impacting over 100,000 students. Donations can be made in stores or online. Contributions also benefit local youth programs.
Tractor Supply Company (NASDAQ: TSCO) will announce its third quarter 2021 results before market open on October 21, 2021. A conference call will be hosted by Hal Lawton and Kurt Barton at 9:00 a.m. CT on the same day, available via live webcast at IR.TractorSupply.com. The company, the largest rural lifestyle retailer in the U.S., operates 1,955 stores across 49 states and has 174 Petsense locations. This release is part of their commitment to keeping stakeholders informed.
PORTER-CABLE and Tractor Supply Company (NASDAQ: TSCO) have announced a strategic partnership to enhance accessibility to PORTER-CABLE tools in the U.S. Starting in Q4 2021, PORTER-CABLE products will be available in Tractor Supply stores nationwide, alongside exclusive new cordless innovations planned for 2022. This collaboration aims to cater to the strong demand from Tractor Supply's customer base, which includes nearly 12 million current PORTER-CABLE battery platform users. The partnership also features shared support for agriculture through the sponsorship of the Farm Aid concert on September 25, 2021.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., announced its partnership with U.S. Farmers and Ranchers in Action (USFRA), endorsing their Decade of Ag Vision. This initiative aims to enhance food security, environmental sustainability, and economic vitality within communities. As the first retailer to join USFRA, Tractor Supply emphasizes the importance of farmers and ranchers in achieving sustainability goals. The collaboration seeks to create a resilient, climate-smart agricultural system beneficial for food production and the economy.
Tractor Supply Company (NASDAQ: TSCO) has announced its seventh annual FFA T-shirt Fundraiser, aimed at benefiting FFA students nationwide. The limited-edition T-shirt will be available for $12.99 both online and in-store. Proceeds will support various FFA programs, including ‘Gift of Blue’ and ‘Living to Serve.’ Since 2014, the T-shirt Fundraiser has raised over $1.7 million for FFA initiatives. This year's National FFA Convention & Expo will be held from October 27-30 in Indianapolis, showcasing student achievements and promoting agricultural education.
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