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) reported robust second-quarter 2021 results, with net sales rising 13.4% to $3.60 billion. Comparable store sales increased by 10.5%, driven by strong demand for everyday and seasonal merchandise. Gross profit grew 11.3% to $1.29 billion, though gross margin slightly decreased to 35.8% due to rising transportation costs. Net income rose 9.3% to $370 million, and diluted EPS increased 10% to $3.19. The company updated its fiscal 2021 guidance, projecting net sales of $12.1-$12.3 billion and EPS of $7.70-$8.00, reflecting optimistic market trends and strategic growth plans.
Tractor Supply Company (NASDAQ: TSCO) has announced a multi-year partnership with Professional Bull Riders (PBR), enhancing its marketing reach. The collaboration includes a Tractor Supply-branded broadcast booth on CBS, promotional content, and local store events coinciding with major PBR tours. Tractor Supply aims to engage with PBR's audience, which aligns with its customer base, potentially attracting new customers. The partnership is expected to provide nationwide visibility for both brands during PBR events, including the prestigious Global Cup.
Tractor Supply Company (NASDAQ: TSCO) has been recognized as one of the 2021 100 Best Places to Work in IT, ranking No. 14 on the list by IDG’s Insider Pro and Computerworld. This accolade highlights the company’s commitment to fostering a supportive and innovative work environment for its IT team. Rob Mills, Executive Vice President, noted the team's vital role in Tractor Supply's growth and modernization efforts, particularly during the COVID-19 pandemic. The award emphasizes competitive wages, benefits, and opportunities for professional development within the IT department.
Tractor Supply Company (NASDAQ: TSCO) has commenced construction on a new distribution center in Navarre, Ohio, aiming to create over 375 jobs by the end of 2023. The $70 million facility, spanning 895,000 square feet, will service more than 250 stores at full capacity. Scheduled for completion by Fall 2022, it is designed to achieve LEED® Gold certification, reflecting high energy efficiency standards. This expansion supports Tractor Supply's commitment to enhancing its supply chain and online services, aligning with community growth and economic development in the region.
Tractor Supply Company (NASDAQ: TSCO) announced a $200,000 donation to Miranda Lambert’s MuttNation Foundation. CEO Hal Lawton presented the donation during an exclusive performance for the company's Neighbor’s Club members. The funds will support shelter pet initiatives across the U.S. Tractor Supply has partnered with MuttNation since 2019, organizing initiatives like Mutts Across America, which donated $250,000 to 50 shelters this year. The company emphasizes its commitment to animal welfare.
Tractor Supply Company (NASDAQ: TSCO), the leading rural lifestyle retailer in the U.S., has announced several upcoming investor events. These include:
- RBC’s 2021 Capital Markets Global Consumer & Retail Conference on June 2, 2021, at 9:20 a.m. ET.
- Baird’s 2021 Global Consumer, Technology and Services Conference on June 9, 2021, at 9:05 a.m. ET.
- Second Quarter 2021 Earnings Call on July 19, 2021, at 8:00 a.m. CT/9:00 a.m. ET, with a news release before market opens.
Live webcasts will be available on their website, and replays will follow each event.
Tractor Supply Company, the leading rural lifestyle retailer in the U.S., has successfully raised $718,852 through its annual Spring Paper Clover fundraiser, benefiting 4-H communities nationwide. Running from April 28 to May 9, the initiative allowed customers and Team Members to donate by purchasing paper clovers. The funds will support various educational programs and leadership experiences for rural youth. Since 2010, the campaign has generated over $15 million for 4-H, solidifying its commitment to enhancing youth development in rural areas.
Tractor Supply Company (NASDAQ: TSCO) has declared a quarterly cash dividend of $0.52 per share. The dividend payment is scheduled for June 8, 2021, to stockholders of record as of May 24, 2021. As the largest rural lifestyle retailer in the U.S., Tractor Supply caters to recreational farmers and those embracing rural living. With a strong commitment to customer service and a wide range of products for home, land, and animals, the company continues to operate numerous stores nationwide, enhancing its market presence.
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