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) reported its Q2 2024 financial results, showing a 1.5% increase in net sales to $4.25 billion. However, comparable store sales decreased by 0.5%. The company's diluted EPS rose 2.6% to $3.93. Gross profit increased by 2.7% to $1.56 billion, with gross margin improving by 43 basis points to 36.6%. SG&A expenses increased by 4.1% to $994.2 million. Tractor Supply has updated its fiscal 2024 outlook, now expecting net sales between $14.8 billion and $15.0 billion, and earnings per diluted share between $10.00 and $10.40. The company opened 21 new Tractor Supply stores and three new Petsense by Tractor Supply stores in Q2 2024.
Tractor Supply Company (NASDAQ: TSCO) has donated $100,000 to the Farmer Veteran Coalition's (FVC) Fellowship Fund, supporting veterans in farming and ranching. This marks the sixth year of partnership, with Tractor Supply providing over $550,000 in total support, assisting more than 350 farmer veterans. The donation includes a $50,000 contribution from the Tractor Supply Company Foundation and $1,000 gift cards for 50 selected veterans.
This initiative is part of Tractor Supply's $1 million donation to charities supporting military service members, veterans, and first responders through their Hometown Heroes program. The company also offers special benefits and discounts to these groups through their Neighbor's Club loyalty program.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., will release its second quarter 2024 financial results on July 25, 2024, before the market opens.
The earnings will be discussed in a webcast conference call at 10 a.m. ET on the same day, hosted by CEO Hal Lawton and CFO Kurt Barton.
The live webcast will be accessible at IR.TractorSupply.com, where supplemental materials will be available 15 minutes before the call.
A replay of the webcast will also be available on the same site shortly after the call concludes.
Tractor Supply Company (NASDAQ: TSCO) has announced a $1 million donation to 10 charities supporting military service members, veterans, and first responders. This initiative is part of their Hometown Heroes program, which honors these individuals through various benefits and recognition.
The Hometown Heroes program also features a spotlight series highlighting customers and team members who embody the spirit of service. Each hero featured will result in a $5,000 donation to their chosen charity.
The 10 recipients of the $100,000 donations include the 9/11 Day, Bob Woodruff Foundation, Farmer Veteran Coalition, Folds of Honor, Gary Sinise Foundation, K9s For Warriors, National Law Enforcement Officers Memorial Fund, National Police Dog Foundation, National Volunteer Firefighters Council, and Tunnel to Towers Foundation.
In addition, Tractor Supply and Petsense offer special benefits such as discounts, free services, and designated parking spots through the Neighbor’s Club Hometown Heroes benefit program. A special 15% discount will also be available on July 4th.
Tractor Supply Company (NASDAQ: TSCO) has launched its new Hometown Heroes program to honor military service members, veterans, and first responders. The initiative includes top-tier membership in the Neighbor’s Club loyalty program, offering benefits like 2% back on purchases, free shipping, and special holiday discounts. Additionally, the company will be donating $1 million to various organizations supporting these heroes. A new spotlight series will also highlight community members and employees who embody the spirit of Hometown Heroes.
Tractor Supply Company (NASDAQ: TSCO) has marked a significant milestone by opening its 500th Garden Center in Lowell, Indiana. The first Garden Center was launched in Rome, Georgia, on July 28, 2020. Expanding rapidly, the company aims to surpass 600 locations by the end of this year and plans to add more than 100 new Garden Centers by the end of 2024. Each Garden Center adds 3,000 to 4,000 square feet of sales space, focusing on live goods like fruit trees, herbs, and vegetables. With gardening interest on the rise, nearly three-quarters of Tractor Supply customers plan to grow or maintain a garden this year. To celebrate this milestone, Tractor Supply is hosting a nationwide Garden Giveaway Sweepstakes from June 3-23, offering a prize pack worth over $5,000.
Tractor Supply Company (NASDAQ: TSCO), the leading rural lifestyle retailer in the U.S., will present at the 2024 Baird Global Consumer, Technology and Services Conference.
The event is scheduled for June 4, 2024, from 9:05-9:35 a.m. ET. The presentation will be webcast live on IR.TractorSupply.com and archived for future viewing.
Tractor Supply (NASDAQ: TSCO) has been recognized for its excellence in customer service by two major publications. USA Today named it one of America’s Customer Service Champions, while Forbes listed it among the 2024 Customer Experience All-Stars and Best Customer Service rosters. The recognition spans 67 sectors and highlights customer evaluations of service and overall experience. Notably, Tractor Supply received the highest possible five-star rating from USA Today and improved its rank on Forbes' index, landing at 130 overall and number five in the 'specialty' category. These accolades underscore the company's commitment to providing excellent customer experiences.
Tractor Supply Company (NASDAQ: TSCO) and its foundation have donated over $150,000 to aid communities affected by severe weather across the U.S.
The donations include $100,000 to the American Red Cross Disaster Relief and $50,000 to the State of Texas Agriculture Relief (STAR) Fund. This support targets residents in Michigan, Nebraska, Oklahoma, Tennessee, and Texas.
Tractor Supply stores in these areas have distributed gift cards and supplies to local organizations and shelters. Their team members are working diligently to keep stores stocked with emergency supplies and assist affected communities.
Additionally, funds from a recent fundraiser with Miranda Lambert’s MuttNation Foundation have been used to help animal shelters and families with pets in Texas and Oklahoma.
Tractor Supply Company (NASDAQ: TSCO), in partnership with the National 4-H Council, raised over $1.3 million in its 2024 Spring Paper Clover campaign. This 19-day fundraising event supports hands-on training in health, science, agriculture, and civic engagement for 4-H youth. Ninety percent of donations aid local 4-H programs, while the remaining 10% fund national initiatives. This campaign pushes their total fundraising over $20 million since the partnership began in 2010. More than 80,000 young people have been positively impacted by these efforts.
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