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 has partnered with Miranda Lambert’s MuttNation Foundation to provide $250,000 in grants through the Mutts Across America program. Each state will receive a surprise donation of $5,000 to honor exceptional shelters or rescue organizations. Since its inception, Mutts Across America has aided over 350 shelters with grants totaling $1.25 million. Lambert noted the importance of support for rescues, especially after recent fundraising challenges. Tractor Supply aims to expand its partnership and impact.
Tractor Supply Company, the largest rural lifestyle retailer in the U.S., is donating $100,000 to agriculture, pet, and livestock organizations in Texas affected by recent winter storms. Over 200 stores will contribute $250 each in gift cards to local recovery efforts. The Tractor Supply Company Foundation is also donating $50,000 to the Texas Center for Local Food to support family farms. These donations aim to assist with restoration costs, animal feed, and essential farming equipment following the devastating storms during the week of February 15.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., announced participation in the Bank of America Securities 2021 Consumer and Retail Technology Conference on March 9, 2021, at 8:30 a.m. CT. CEO Hal Lawton and CFO Kurt Barton will present during a virtual fireside chat. The presentation will be available for live streaming and archived for 90 days on IR.TractorSupply.com. The company operates 1,923 stores and offers extensive products for rural lifestyle needs.
Tractor Supply Company is launching its annual Grants for Growing fundraiser from February 17-28, coinciding with National FFA Week. This program supports FFA chapters with grants up to $5,000 for agricultural projects aimed at enhancing student learning. Since its inception in 2016, it has raised over $4 million and impacted nearly 150,000 students. Customers can purchase paper emblems to contribute to these grants. The application period for FFA chapters runs from March 1 to May 15, with winners announced on August 2.
Tractor Supply Company (NASDAQ: TSCO) announced its agreement to acquire Orscheln Farm and Home for approximately $297 million. This all-cash transaction, net of estimated future tax benefits of $23 million, will enhance Tractor Supply’s presence in the Midwest with Orscheln's 167 stores across 11 states. The acquisition is expected to be immediately accretive to earnings per share, leveraging synergies over time. The deal awaits regulatory approval and customary closing conditions. Goldman Sachs & Co. LLC is advising Tractor Supply on the acquisition.
Tractor Supply Company (TSCO), the largest rural lifestyle retailer in the U.S., announces a one-time payment of $50 for hourly Team Members who opt for a COVID-19 vaccine. The company will facilitate onsite vaccination clinics at its distribution centers upon approval. While vaccination is not mandatory, Tractor Supply encourages its employees to get vaccinated based on professional medical advice. The initiative also allows Team Members to take necessary time off for vaccinations, with compensation provided after proof of receiving the full vaccine dosage.
Tractor Supply Company (NASDAQ: TSCO) reported strong financial results for the fourth quarter and fiscal year 2020. Fourth-quarter net sales surged 31.3% to $2.88 billion, with comparable store sales up 27.3%. For the full year, net sales reached $10.62 billion, a 27.2% increase. However, the company recorded non-cash impairment charges of $74.1 million related to Petsense. Diluted EPS for Q4 was $1.15, while adjusted EPS was $1.64. Looking ahead, Tractor Supply expects fiscal 2021 diluted EPS between $6.50 and $6.90 and announced a 30% increase in its quarterly dividend to $0.52.
Tractor Supply Company (NASDAQ: TSCO) appoints Matthew Rubin as Senior VP and General Manager of Petsense, effective February 1, 2021. Rubin brings over 20 years of retail experience, having previously held senior roles at The Michaels Companies and Accenture Strategy. He succeeds Steve Neibergall, who is retiring. Rubin's expertise is expected to enhance Petsense's merchandising, productivity, and customer experience. Tractor Supply, a leader in rural lifestyle retail, operates 1,904 stores and 183 Petsense locations across the U.S.
Tractor Supply Company (TSCO) has appointed Joy Brown to its Board of Directors, effective immediately. Currently serving as Chief Data Officer at Verizon Media, Brown brings over 20 years of experience in technology leadership. Cynthia Jamison, the Chairman of the Board, expressed optimism regarding her expertise in data and digital technology as the company focuses on enhancing shareholder value and sustaining long-term growth. Brown aims to contribute to Tractor Supply's innovate strategies as the company continues its 'Life Out Here' strategic plan.
Tractor Supply Company (TSCO), the largest rural lifestyle retailer in the U.S., will announce its fourth quarter and fiscal year 2020 results on January 28, 2021, before market opening. A conference call hosted by CEO Hal Lawton and CFO Kurt Barton will follow at 9:00 a.m. CT. Shareholders and interested parties can tune in via a live webcast on the company's Investor Relations website. The company operates 1,904 Tractor Supply stores and 183 Petsense stores across the U.S., focusing on products for rural lifestyles and pet care.
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