Tractor Supply Stock Price, News & Analysis

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.

Tractor Supply Company (NASDAQ: TSCO) has launched a sweepstakes in collaboration with Toro, offering customers a chance to win a fishing trip with Major League Fishing professional Brent Chapman and various Toro outdoor equipment prizes. Participants can enter until July 4, with the grand prize including a three-day getaway in the Finger Lakes of New York. Additionally, the company is introducing a new White Glove Delivery option for Toro zero-turn mowers, enhancing customer service with scheduled deliveries and tutorials on the product features.

Tractor Supply Company (NASDAQ: TSCO) forecasts second-quarter net sales growth of 8% and comparable store sales growth of 5% compared to the prior year. Diluted earnings per share (EPS) is expected to be at least $3.48. The company credits strong seasonal product sales and effective inventory and cost management. It has also completed over 200 garden center projects and plans to enhance its mobile app for pets, promising a personalized shopping experience. With over 2,003 stores, Tractor Supply continues to target the rural lifestyle market.

Tractor Supply Company (NASDAQ: TSCO) will participate in Baird’s 2022 Global Consumer, Technology and Services Conference on June 7, 2022, at 7:55 a.m. Eastern Time. CEO Hal Lawton and CFO Kurt Barton will present.

The presentation will last 30 minutes and will be available via webcast, both live and as an archived replay for 90 days on IR.TractorSupply.com.

Tractor Supply Company (NASDAQ: TSCO) raised $1,254,555 during its 2022 Spring Paper Clover campaign to support 4-H youth programs. This initiative aids in funding educational camps and experiences for youth across the U.S., with 90% of the funds allocated to local programs. To date, the Paper Clover campaigns have generated over $17 million. Notably, Tractor Supply has matched any donations made via their Personal Credit Card, demonstrating their commitment to community support.