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 a virtual concert featuring Miranda Lambert and her friends on May 21, exclusively for Neighbor's Club members. The concert will take place at Green’s Grocery in Leiper’s Fork, Tennessee, showcasing songs from Lambert's new album The Marfa Tapes. Members will receive an email invitation to watch the performance. This event is part of Tractor Supply's initiative to enhance its loyalty program, which includes exclusive benefits for its members.
Tractor Supply Company (NASDAQ: TSCO) has launched its 11th annual Spring Paper Clover campaign, running from April 28 to May 9. Customers can donate by purchasing a Paper Clover at stores or online, with 90% of proceeds benefitting 4-H youth programs in the state of collection. Since 2010, Tractor Supply has raised nearly $15 million for 4-H, funding scholarships for educational camps and activities. The campaign aims to support youth returning to extracurricular activities post-pandemic.
Tractor Supply Company (NASDAQ: TSCO) reported a robust start to 2021, achieving net sales of $2.79 billion, a 42.5% increase from $1.96 billion in Q1 2020. Comparable store sales rose 38.6%, driven by a 21.0% increase in transaction count. Gross profit surged 48.8% to $983.8 million, improving gross margin to 35.2%. Diluted EPS jumped 118.3% to $1.55, with net income rising 116.5% to $181.4 million. The company raised its fiscal 2021 guidance, expecting net sales between $11.4 billion and $11.7 billion and diluted EPS of $7.05 to $7.40, buoyed by strong performance and customer retention.
Tractor Supply Company (NASDAQ: TSCO) announces a major expansion of its Carhartt offerings in over 100 stores through a new "shop-in-shop" format. This initiative aims to double the selection of Carhartt products, enhancing the shopping experience for customers seeking durable workwear. The expansion will include an extensive range of clothing options, accommodating various sizes. This strategic partnership is expected to bolster Tractor Supply's position as a leading retailer for those in the rural lifestyle market.
Tractor Supply Company (NASDAQ: TSCO) announced it and Orscheln Farm and Home received a "Second Request" from the FTC regarding their pending acquisition. This request extends the waiting period under the Hart-Scott-Rodino Act until 30 days after compliance. Both companies are cooperating with the FTC in the review process. Tractor Supply, with a focus on the rural lifestyle market, operates 1,923 stores and an e-commerce platform, along with its subsidiary Petsense.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., announced key investor events. The First Quarter 2021 Earnings Call is scheduled for April 22, 2021, at 9:00 a.m. CT, with a release of earnings news beforehand. The 2021 Annual Stockholder Meeting will take place on May 6, 2021, at 10:00 a.m. CT, allowing stockholders to vote electronically. Both events will be webcast live via IR.TractorSupply.com, and replays will also be available afterwards.
Tractor Supply Company (TSCO) has revamped its Neighbor’s Club loyalty program, responding to customer feedback with new features and benefits. The program now rewards over 20 million members with points for every dollar spent, allowing for tiered membership levels based on annual spending. Enhancements include points that can be redeemed for discounts on merchandise and services. TSC credit cardholders achieve Preferred Plus status, earning five points per dollar spent. The launch will be celebrated with a virtual concert for members, further enhancing customer engagement.
Tractor Supply Company, the largest rural lifestyle retailer in the U.S., has announced that all Tractor Supply and Petsense stores will close on Easter Sunday, April 4. This decision continues a longstanding tradition of honoring the holiday. President and CEO Hal Lawton expressed gratitude to Team Members for their dedication in managing increased customer demand. Tractor Supply operates over 2,100 locations and provides essential products for rural living, pets, and farm needs, focusing on product localization and customer service.
Tractor Supply Company (TSCO) raised $790,269 during its sixth annual Grants for Growing fundraiser, supporting sustainable agriculture projects led by FFA students nationwide. The fundraiser, which began in February, allows customers to purchase FFA Paper Emblems, with proceeds funding grants of up to $5,000 for agricultural education. Since 2016, the program has contributed over $4 million to the National FFA Organization, impacting more than 150,000 students. The next grant application period runs from March 1 to May 15, with notifications on August 2.
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