Tractor Supply Co - TSCO STOCK NEWS

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.

Tractor Supply Company announced its fall 2020 Paper Clover fundraising campaign, celebrating ten years of partnership with National 4-H Council. From October 7-18, customers can purchase Paper Clover emblems, with proceeds supporting 4-H programs. Over the decade, they’ve raised more than $14 million for scholarships and leadership experiences. This initiative aims to empower youth, ensuring each donation directly benefits local 4-H members. Senior VP Christi Korzekwa emphasized the alignment of 4-H’s mission with the company's values, aiming for a record fundraising event.

Tractor Supply Company (NASDAQ: TSCO) will release its third quarter results on October 22, 2020, before market opening. A video event with a live Q&A will follow, starting at 9:00 a.m. CT. This session will discuss Q3 results and long-term strategic initiatives, featuring executives including CEO Hal Lawton and CFO Kurt Barton. The event can be accessed live and will also be available for replay afterwards. With over 1,880 stores, Tractor Supply is the leading rural lifestyle retailer in the U.S., serving recreational farmers and pet owners for over 80 years.

Tractor Supply Company (NASDAQ: TSCO) will participate in two upcoming virtual conferences. The RBC 2020 Global Consumer & Retail Conference is scheduled for May 27, 2020, at 10:40 a.m. ET, followed by Baird's 2020 Virtual Global Consumer, Technology and Services Conference on June 3, 2020, at 9:40 a.m. ET. The presentations will feature executives including Hal Lawton, CEO, and Kurt Barton, CFO. Both events will be webcast live and archived on IR.TractorSupply.com.

Tractor Supply Company (NASDAQ: TSCO) declared a quarterly cash dividend of $0.35 per share, payable on June 9, 2020, to stockholders of record by May 26, 2020. The decision reflects the company’s strong balance sheet and operational cash generation, even amid the uncertainty caused by the COVID-19 pandemic. While the company has a history of increasing dividends, it opted to maintain the current dividend level this year for prudence. Tractor Supply continues to leverage its digital capabilities and physical stores, operating 1,863 locations across the U.S.