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 the appointment of Noni Ellison as Senior Vice President, General Counsel, and Corporate Secretary, effective January 11, 2021. She will report to CEO Hal Lawton and manage the legal department, risk management, and governance efforts. Ellison has over 20 years of legal experience, previously serving as General Counsel at Carestream Dental and holding various roles at Grainger and Turner Broadcasting. She succeeds Ben Parrish, who is retiring after a successful tenure.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., announced plans to build a new distribution center in Navarre, Ohio, with a projected investment of $70 million. This facility will span approximately 895,000 square feet and aims to create over 375 full-time jobs by the end of 2023, servicing around 250 stores. Construction is set to begin in April 2021, with completion expected by Fall 2022. The project is a key part of the company's strategy to meet growing demand.
Tractor Supply Company is honoring military veterans with a 15% discount on Veterans Day, November 11, at all locations nationwide. Eligible participants include active military personnel, veterans, and their dependents with valid military identification. In addition to this discount, the company supports veterans year-round through its partnership with the Farmer Veteran Coalition, providing $150,000 in grants since 2018. Further, the Tractor Supply Foundation is donating $25,000 to Operation Stand Down Tennessee to assist veterans and their families with resources for housing, employment, and community connections.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., announced its participation in three upcoming investor conferences. The events include: Bernstein's Operational Decisions Conference on November 16, 2020, Stephens Investment Conference 2020 on November 18, 2020, and Nasdaq’s 43rd Investor Conference on December 1, 2020. Presentations will feature CEO Hal Lawton and CFO Kurt Barton and will be available via webcast on the company’s investor relations website.
Tractor Supply Company has successfully raised $828,076 during its annual Fall Paper Clover fundraiser for 4-H. The 12-day campaign, held from October 7-18, aims to provide educational opportunities and leadership experiences for youth across the U.S. Notably, 90% of the funds are allocated for state-level scholarships. The company also matched donations made via its private label credit card, totaling $18,751. Over the years, Tractor Supply has contributed more than $14.9 million to support 4-H youth development initiatives.
Tractor Supply Company (NASDAQ: TSCO) announced the successful closing of a public offering of $650 million in 1.750% Notes due 2030. The net proceeds are approximately $636.7 million, intended for refinancing existing borrowings and general corporate purposes. This offering, managed by Goldman Sachs & Co. LLC and others, was conducted under an effective shelf registration statement filed with the SEC. The company operates as the largest rural lifestyle retailer in the U.S., serving farmers and ranchers for over 80 years, with 1,904 stores nationwide as of September 26, 2020.
Tractor Supply Company (TSCO) reported strong Q3 2020 results with net sales of $2.61 billion, a 31.4% increase year-over-year. Comparable store sales rose 26.8%, driven by a 14.3% increase in transaction counts. Gross profit was up 36.6% to $948 million, with a gross margin of 36.4%. Net income surged 56.1% to $190.6 million, and diluted EPS increased 58.8% to $1.62. The company opened 23 new stores during the quarter. Despite positive results, Q4 guidance reflects COVID-19 costs and strategic initiatives impacting expenses. TSCO aims for sustainable long-term growth.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., has achieved the Great Place to Work-Certified™ status, valid from October 2020 to October 2021. This is the company's first recognition by Great Place to Work, reflecting a positive workplace culture. Key employee feedback includes that 86% of employees say it’s a great place to work, 91% feel welcome, and 89% are proud to work there. The certification showcases Tractor Supply’s commitment to fostering an inclusive environment for its over 38,000 team members.
Tractor Supply Company has revealed the winners of its $200,000 'Rescue Your Rescue' social media contest, held in partnership with Canidae Premium Pet Food. Eight animal rescue organizations will each receive $25,000 to support their vital operations. The contest attracted over 23,000 nominations from the public, showcasing strong community support for local shelters. Winners include Nature's Nurse Wildlife Rehabilitation, Carolina Boxer Rescue, and more. This initiative highlights Tractor Supply's commitment to assisting animal welfare organizations across the nation.
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