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 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.
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.
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