Tractor Supply - TSCO STOCK NEWS

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.

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.