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 (NASDAQ: TSCO) has opened its largest distribution center in Maumelle, Arkansas. This 1.1 million square-foot facility, representing an investment of over $175 million, will create 500 full-time jobs. The center will serve 250 stores across the Southeast, Midwest, and Texas, and fulfill digital orders. The facility aims for a LEED Gold® certification and features a solar array system generating five million kilowatts of electricity annually, reducing its carbon footprint by 4,100 metric tons of CO2 per year. The center also employs autonomous mobile robots for efficiency.
Tractor Supply Company (NASDAQ: TSCO) has declared a quarterly cash dividend of $1.10 per share of common stock to be paid on June 11, 2024. With more than 85 years of experience, Tractor Supply is the largest rural lifestyle retailer in the U.S., serving the needs of farmers, ranchers, homeowners, and pet enthusiasts. The company operates over 2,200 stores across 49 states.
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