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) is hosting its annual National Farmers Market event on September 28 at local stores across the United States. The event provides an opportunity for farmers, growers, craft makers, artisans, and other producers to sell their homegrown and homemade items to local communities.
Vendor registration is open until September 23, and participation is free for partners and the community. Tractor Supply invites customers of all experience levels, from business owners to first-time sellers, to participate. The event aims to celebrate rural living and showcase locally grown and handmade products.
Interested vendors can register at TSCEventPartners.com/events/signup/23 or visit any of the 2,254 Tractor Supply stores nationwide. Participants are responsible for complying with state and local ordinances.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., announced its top vendor partners for 2024 at its annual Partnership Conference. Stanley Black & Decker earned the top honor of Company Partner of the Year for its commitment to innovation, exclusive products, and strategic support. The company recognized vendors in 15 categories, including innovation, exclusive brands, digital partnerships, and divisional excellence.
Other notable winners include Mr. Heater for Innovation Partner, Animal Comfort Group for Exclusive Brand Partner, and Husqvarna for Digital Partner. The awards highlight Tractor Supply's focus on collaboration, service, and quality products that support 'Life Out Here'. Seth Estep, chief merchandising officer, emphasized the importance of these partnerships in achieving another record-breaking year for the company.
Tractor Supply Company (NASDAQ: TSCO) has announced the second class of FFA Future Leaders Scholarship recipients, awarding $1 million in scholarships to 143 FFA members from 35 states. This initiative is part of a $5 million commitment over five years, established in partnership with the National FFA Organization in 2022. The scholarships support students pursuing agriculture-related studies and trade professions.
The program awarded 89 $5,000 scholarships for students attending trade schools or two-year colleges, with a quarter focusing on welding. Additionally, 54 students received $10,000 scholarships for four-year agriculture-related majors. Scholarship recipients will have opportunities for internships and potential career paths with Tractor Supply.
The scholarship fund is supported by customer donations made at checkout in Tractor Supply stores or online. Applications for the next class of scholars will open on November 1, 2024.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has announced its participation in two upcoming conferences. The company will be presenting at the 2024 Goldman Sachs 31st Annual Global Retailing Conference on September 4, 2024, from 8:55-9:30 a.m. EDT. Additionally, TSCO will participate in the Piper Sandler Growth Frontiers Conference on September 11, 2024, from 10-10:25 a.m. EDT.
Both presentations will be webcast live on the company's investor relations website at IR.TractorSupply.com. For those unable to attend or watch live, the webcasts will be archived and made available for viewing shortly after each presentation.
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has announced a quarterly cash dividend of $1.10 per share of common stock. The dividend will be paid on September 10, 2024 to stockholders of record as of the close of business on August 26, 2024. Tractor Supply, ranking 293 on the Fortune 500, operates 2,254 stores in 49 states as of June 29, 2024. The company also owns Petsense by Tractor Supply, a pet specialty supply retailer with 205 stores in 23 states. With over 85 years of experience, Tractor Supply serves recreational farmers, ranchers, homeowners, gardeners, and pet enthusiasts, offering products for those who enjoy a hands-on, DIY lifestyle.
Miranda Lambert's MuttNation Foundation and Tractor Supply Company (NASDAQ: TSCO) have partnered for the fourth consecutive year to donate over $250,000 to animal shelters nationwide. Through the Mutts Across America program, 52 outstanding shelters or foster-based rescues (one in each state, plus Washington, D.C., and a 'Wildcard' pick) are receiving surprise $5,000 grants.
The initiative, developed 10 years ago, has supported over 500 shelters with more than $2 million in grants. Tractor Supply joined the partnership in 2021. In 2023, MuttNation and Tractor Supply also launched the Relief For Rescues Fund, generating nearly $1 million to help shelters recover from natural disasters.
Tractor Supply is the exclusive retailer of MuttNation pet products, with a percentage of sales supporting the foundation's mission. Lambert will celebrate MuttNation's 15th Anniversary with the Music For Mutts benefit concert on October 5 in Nashville, sponsored by Tractor Supply.
Tractor Supply Company (NASDAQ: TSCO) has launched its annual Pet Appreciation Days celebration, running until September 15. The event features promotions on pet products, in-store activities, and adoption events. Highlights include:
- Gift Card Week (8/5-8/11): Earn TSC Gift Cards on select brand purchases
- Exclusive Brands Week (8/12-8/18): Savings on TSC brands
- BOGO Week (8/19-9/2): Buy one, get one 50% off on toys, treats, and more
Tractor Supply offers a wide range of pet supplies and services, including PetVet clinics and self-service pet wash stations. The company has also made significant donations to pet-related charities, including $100,000 each to K9s For Warriors and the National Police Dog Foundation.
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.
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