Content about Tractor Supply Company

July 25, 2012

Despite a stagnant economy and drought conditions across large parts of the country, Brentwood, Tenn.-based Tractor Supply Co. reported sales and earnings growth.

The company posted second-quarter sales of $1.29 billion, up 9.6% from $1.18 billion in the same quarter last year.

The nation’s largest chain of farm and ranch specialty stores posted earnings of $106.6 million, up 8.3% from $91.2 million in the year-ago period. 

April 25, 2012

A mild spring of weather conducive to farm and ranch sales propelled Tractor Supply Corp. to a strong first quarter.

The Brentwood, Tenn.-based farm and ranch retailer saw same-store sales increase 11.5% in the first quarter ended March 31. Net sales increased 22.0% to $1.02 billion.

Net income for the quarter was $40.3 million, compared to net income of $18.3 million in the same quarter last year.

April 12, 2012

Reacting quickly to an early spring, Brentwood, Tenn.-based Tractor Supply Co. said its first-quarter sales increased 22% to $1.02 billion.

Same-store sales for the quarter increased 11.5%. The country’s largest farm-and-ranch retailer, which will release its full first-quarter earnings results April 25, said the same-store sales increase was driven, in part, by early spring weather in 2012.

March 1, 2012

Tractor Supply has increased its estimated domestic store growth potential to 2,100 locations from a previously estimated 1,800 stores.

Jim Wright, chairman and CEO, said: “Over the past four years, we have effectively tested and validated the viability of the Tractor Supply store model in small markets. We are pleased that we are able to generate a comparable rate of return on investment in these markets, which opens up additional growth opportunities for Tractor Supply stores. We believe we have a long runway of growth ahead of us.”

February 10, 2012

Tractor Supply posted another strong quarter, with a 20% sales increase and 40% increase in net income. These are on top of record results last year.

How do they do it? It’s complicated. But one secret that emerged from the 1,000-plus location farm-and-ranch retailer’s fourth-quarter earnings call was the importance of resisting the temptation to stray from the categories that connect Tractor Supply to its customers.

February 1, 2012

Brentwood, Tenn.-based Tractor Supply Co. continued its hot streak with a fourth quarter sales increase in excess of 20%.

Net sales hit $1.24 billion for the company in the 14 weeks ended Dec. 31., up 20.1% from the 13-week period a year ago. For the full year, sales increased 16.3% to $4.23 billion.

Net income was up 40.4% to $70.5 million  for the quarter, and up 32.6% to $222.7 million for the year. 

January 11, 2012

Tractor Supply offered an early view of its fourth quarter sales performance, which included a 7.6% same store sales gain.

The Brentwood, Tenn.-based farm and ranch retailer plans to release its full fourth quarter 2011 results Feb. 1, but according to CEO Jim Wright, the strong fourth quarter performance merited an update. 

December 6, 2011

Brentwood, Tenn.-based Tractor Supply Co. has promoted Alexander Stanton to senior VP supply chain. In his new role, Stanton will handle logistics, transportation, distribution centers, inventory management and pricing for the 1,054-store retailer.

He joined the company in 2006 as VP finance and was later named senior VP finance and strategy. In his new role, he will report to Gregory Sandfort, president and chief merchandising officer.

December 6, 2011

A long vacant home-improvement store in Petaluma, Calif., will soon erect a Tractor Supply sign, according to an article in The Santa Rosa Press Democrat. 

November 14, 2011

The Home Channel Stock Roundup shows stocks scattered across the board, with Tractor Supply and Fastenal showing the biggest annual gains.

October 20, 2011

Strong results in consumable categories, a little inflation and some Hurricane Irene-related sales fueled an 11.5% same-store sales increase and led to a strong overall third-quarter financial performance at Tractor Supply. 

Net income for the quarter was $42.7 million, up 42.8% from net income of $29.9 million in the third quarter of the prior year.

Third-quarter net sales increased 17.9% to $977.8 million from $829.1 million in the prior year's third quarter.

August 2, 2011

Tax services giant H&R Block has named Home Depot's Marvin Ellison and Tractor Supply's James Wright as prospective members of its board of directors.

Ellison, 46, is Home Depot's executive VP U.S. stores. He has been with the Atlanta-based home improvement retailer since 2002, and previously held management positions with Target Corp. 

Wright, 61, is CEO of Brentwood, Tenn.-based Tractor Supply Co. He was also CEO of Tire Kingdom.

July 21, 2011

Tractor Supply continues to operate in a fertile market segment that enabled the nation’s largest farm and ranch store chain to harvest record profits during the second quarter. 

June 29, 2011

Roofers in two separate incidents in Sanford, N.C., were injured -- one fatally -- during reconstruction projects at the Tractor Supply and Lowe’s home improvement stores, according to the Fayetteville Observer and other media reports. 

Both stores are undergoing repairs after a tornado swept through town and caused major damage to the businesses on April 16.

June 27, 2011

Tractor Supply, Fastenal, Beacon and Sherwin-Williams led the Home Channel Stock Roundup with month-to-month and year-over-year gains.

June 6, 2011

Tractor Supply, Sherwin-Williams and Home Depot led the Home Channel Stock Roundup, with gains compared with last month and last year.

June 2, 2011

In 2011, Westlake Ace Hardware took top honors as Home Channel News "Retailer of the Year." The Lenexa, Kan.-based 88-store retail company has successfully planned and executed a customer service initiative and re-established its mission to serve the needs of project-oriented DIYers through a program called Project North Star. 

Here are the recent HCN Retailers of the Year:

February 22, 2011

On a month-to-month basis, total housing starts moved the needle 14% in January, but single-family starts continue to drag.

Elsewhere on the Industry Dashboard for Feb. 22, retail sales for home centers, pro dealers and hardware stores showed a surge in December 2010, compared with the same month in 2009. And stocks on the Home Channel Stock Roundup showed gains across the board relative to both last month and last year.

December 13, 2010

 

The Home Channel Stock Roundup shows 10 out of 10 companies -- led by Tractor Supply Co. -- in the top right quadrant, reflecting growth over last year and last month.

 

 

December 1, 2010

Brentwood, Tenn.-based retail farm and ranch store Tractor Supply increased its sales and earnings expectations...

November 1, 2010

Brentwood, Tenn.-based retail farm and ranch store Tractor Supply is on track to open a...

October 31, 2010

Brentwood, Tenn.-based Tractor Supply reported a third-quarter net income of $32.0 million, up 45.5% from...

October 20, 2010

The Brentwood, Tenn.-based retail farm and ranch store attributed animal and pet food as well...

October 18, 2010

A new Tractor Supply store is planned for next year in an old L.L. Bean...

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