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 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.
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.
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