Tractor Supply Stock Price, News & Analysis

Tractor Supply Company (NASDAQ: TSCO) is hosting a nationwide Farmers Market event on October 1, inviting local growers and vendors to showcase their products. This event aims to connect communities, allowing participants to sell homemade and locally produced items, including fruits, vegetables, crafts, and more. Registration is open from August 13 to September 13. The event is designed to foster local businesses and support the community, with free participation for vendors and customers.

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., declared a quarterly cash dividend of $0.92 per share of common stock. This dividend will be paid on September 7, 2022, to stockholders of record as of the close of business on August 22, 2022. With over 2,000 stores across 49 states, Tractor Supply targets recreational farmers, ranchers, and rural lifestyle enthusiasts, offering a wide range of products catering to this market.

Tractor Supply Company (NASDAQ: TSCO) has launched an exclusive VIP prize pack for its Neighbor's Club members, running from August 1 to September 30. Participants can win a $5,000 shopping spree and an all-expenses-paid trip to Las Vegas for the inaugural PBR Teams Series Finals in November. The total value of the prize package is approximately $10,000, which includes airfare, hotel accommodations, and VIP tickets. This initiative is part of Tractor Supply's ongoing partnership with Professional Bull Riders (PBR), enhancing customer engagement through unique experiences.

On World Nature Conservation Day, Tractor Supply Company (NASDAQ: TSCO) announced a partnership with Ducks Unlimited and Trout Unlimited, committing $150,000 each to conservation projects over three years. This initiative aims to enhance land conservation, wetland restoration, and tree planting. The partnership focuses on conserving 90,000 acres and aims to conserve 25 million gallons of water by 2025. Additionally, the campaign will plant 25,000 trees annually, helping to sequester CO2 and improve local ecosystems.

Tractor Supply Company (NASDAQ: TSCO) reported a strong second quarter for 2022, with net sales rising 8.4% to $3.90 billion and diluted EPS increasing 10.7% to $3.53. Comparable store sales grew by 5.5%, driven by a 7.5% increase in average ticket size. The company raised its fiscal 2022 outlook, expecting net sales of $13.95 billion to $14.05 billion. Operating income increased by 8.1%, alongside a net income rise of 7.1%. The company also repurchased 0.9 million shares and paid $102.6 million in dividends, demonstrating its commitment to shareholder returns.

Tractor Supply Company (NASDAQ: TSCO) announces Kimberley Gardiner as the new Senior Vice President and Chief Marketing Officer, succeeding Christi Korzekwa. Gardiner brings over 22 years of marketing experience, emphasizing digital trends and brand growth. Under Korzekwa's leadership, brand awareness improved significantly, including the successful Neighbor's Club loyalty program with over 26 million members. Gardiner's leadership is expected to further enhance brand positioning and marketing strategies.

Wag! announced a strategic promotion with Tractor Supply and its subsidiary Petsense, offering customers 20% off their first three services when signing up through their websites. This collaboration enhances Wag!'s mobile-first pet care platform, which has completed over 12.1 million services and boasts a 96% 5-star review rate. Additionally, Wag! is set to merge with CHW Acquisition Corporation, creating Wag! Group Co., with a new Nasdaq ticker symbol, 'PET', expected in Q3 2022. The partnership aims to provide reliable pet care services to a wider audience.