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 donated over
Tractor Supply Company (NASDAQ: TSCO), the leading rural lifestyle retailer in the U.S., will participate in the Goldman Sachs 28th Annual Global Retailing Conference on September 9, 2021, at 12:40 p.m. CT. CEO Hal Lawton and CFO Kurt Barton will host a virtual fireside chat. The presentation will be available live and as an archived replay for 90 days via the company's investor relations website.
With over 1,955 stores nationwide and a robust digital presence, Tractor Supply serves the needs of recreational farmers and rural lifestyle enthusiasts with a diverse product range.
Tractor Supply Company (NASDAQ: TSCO) extends its partnership with Carhartt to address the skilled trades gap in the U.S. The partnership will launch exclusive 'Support the Trades' shirts, with proceeds partially benefiting SkillsUSA. Starting August 23, customers can purchase the limited edition shirts at Tractor Supply stores and online. Each shirt sold contributes to a maximum donation of $100,000 from both Tractor Supply and Carhartt, aimed at empowering the next generation of skilled workers. The initiative responds to a projected shortage of over three million trade jobs by 2028.
Tractor Supply Company (NASDAQ: TSCO) has been re-certified as a Great Place to Work for 2021-2022, marking its second consecutive recognition. The certification is based on employee feedback, with 80% of staff affirming that the company is a great workplace, significantly above the U.S. average. Key highlights include 87% of employees feeling welcomed and 86% proud to work there. This recognition emphasizes Tractor Supply's commitment to fostering a positive workplace culture, essential for its ongoing success and employee satisfaction.
Tractor Supply Company (NASDAQ: TSCO) has declared a quarterly cash dividend of $0.52 per share. This dividend will be paid on September 8, 2021, to stockholders of record as of August 23, 2021. As the largest rural lifestyle retailer in the U.S., Tractor Supply has been serving the needs of recreational farmers and ranchers for over 80 years, operating 1,955 stores nationwide as of June 26, 2021. The company's focus on product localization and customer service reinforces its commitment to providing essential products for the rural lifestyle.
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.
FAQ
What is the current stock price of Tractor Supply Co (TSCO)?
What is the market cap of Tractor Supply Co (TSCO)?
What is Tractor Supply Co. (TSCO)?
When was Tractor Supply Co. founded?
How many stores does Tractor Supply Co. operate?
What types of products does Tractor Supply Co. offer?
Who are the typical customers of Tractor Supply Co.?
Where are Tractor Supply Co. stores generally located?
What is the mission of Tractor Supply Co.?
What makes Tractor Supply Co. a significant part of its communities?
What are some of Tractor Supply Co.'s recent achievements?
How does Tractor Supply Co. stay connected with rural communities?
