Tractor Supply celebrates at the exchange
Tractor Supply Company rang the Nasdaq stock market closing bell in celebration of the company’s 80th anniversary of operations.
“For eight decades, Tractor Supply Company has been committed to serving our unique niche of rural lifestyle customers, and we are honored to be able to commemorate this special milestone at the Nasdaq MarketSite,” said Greg Sandfort, CEO of Tractor Supply Company. “Since our humble beginnings in 1938, Tractor Supply has seen tremendous growth and success thanks to our hard-working and knowledgeable team members who provide legendary customer service every day to those living the Out Here lifestyle. It is my pleasure to thank our loyal customers and team members, the communities who have welcomed us and our shareholders for believing in our brand.”
Tractor Supply Company was founded in 1938 by Charles E. Schmidt as a mail-order business for tractor replacement parts. The company opened its first store in Minot, N.D. Dakota in 1939 and its 100th store in Hutchinson, Kan. in 1964.
Since then, Tractor Supply has grown to become the largest rural lifestyle retail chain in the United States. The company now maintains more than 1,725 stores in 49 states along with a strong e-commerce platform.
This past July, Tractor Supply reported second quarter 2018 net sales increased 9.7% to $2.21 billion from second quarter 2017 net sales of $2.02 billion. The Brentwood, Tenn. home improvement and farm and ranch specialty retailer also reported that its net income for the second quarter increased 29% to $207.3 million from a net income $160.6 million for the same period last year. Comparable store sales increased 5.6% during the quarter
“With 80 years under our belt, we are constantly evolving to move Tractor Supply forward, leveraging our physical store assets with digital capabilities in new ways. Through our ONETractor strategy, we are focused on delivering personalized, convenient shopping experiences anytime, anywhere and in any way our customers choose to shop. We are excited about the opportunities ahead and look forward to continuing to serve this lifestyle that we love.”
Despite its name, Tractor Supply does not sell tractors. Instead, product assortments include everything rural lifestyle customers need to maintain farms, ranches, homes and animals.
Tractor Supply went public on the NASDAQ under the ticker symbol TSCO in 1994. Since last ringing the Nasdaq opening bell in 2013, Tractor Supply’s net sales have increased 40%. Shares of Tractor Supply finished trading at $90.92 today, up 2.88% or $2.54 per share.
In 2016, the company acquired Petsense – a small box pet specialty supply retailer, which has since grown to 174 stores in 27 states.
Tractor Supply achieved another milestone in 2018 when it opened its store number 1,700 in Mocksville, N.C.
“For eight decades, Tractor Supply Company has been committed to serving our unique niche of rural lifestyle customers, and we are honored to be able to commemorate this special milestone at the Nasdaq MarketSite,” said Greg Sandfort, CEO of Tractor Supply Company. “Since our humble beginnings in 1938, Tractor Supply has seen tremendous growth and success thanks to our hard-working and knowledgeable team members who provide legendary customer service every day to those living the Out Here lifestyle. It is my pleasure to thank our loyal customers and team members, the communities who have welcomed us and our shareholders for believing in our brand.”
Tractor Supply Company was founded in 1938 by Charles E. Schmidt as a mail-order business for tractor replacement parts. The company opened its first store in Minot, N.D. Dakota in 1939 and its 100th store in Hutchinson, Kan. in 1964.
Since then, Tractor Supply has grown to become the largest rural lifestyle retail chain in the United States. The company now maintains more than 1,725 stores in 49 states along with a strong e-commerce platform.
This past July, Tractor Supply reported second quarter 2018 net sales increased 9.7% to $2.21 billion from second quarter 2017 net sales of $2.02 billion. The Brentwood, Tenn. home improvement and farm and ranch specialty retailer also reported that its net income for the second quarter increased 29% to $207.3 million from a net income $160.6 million for the same period last year. Comparable store sales increased 5.6% during the quarter
“With 80 years under our belt, we are constantly evolving to move Tractor Supply forward, leveraging our physical store assets with digital capabilities in new ways. Through our ONETractor strategy, we are focused on delivering personalized, convenient shopping experiences anytime, anywhere and in any way our customers choose to shop. We are excited about the opportunities ahead and look forward to continuing to serve this lifestyle that we love.”
Despite its name, Tractor Supply does not sell tractors. Instead, product assortments include everything rural lifestyle customers need to maintain farms, ranches, homes and animals.
Tractor Supply went public on the NASDAQ under the ticker symbol TSCO in 1994. Since last ringing the Nasdaq opening bell in 2013, Tractor Supply’s net sales have increased 40%. Shares of Tractor Supply finished trading at $90.92 today, up 2.88% or $2.54 per share.
In 2016, the company acquired Petsense – a small box pet specialty supply retailer, which has since grown to 174 stores in 27 states.
Tractor Supply achieved another milestone in 2018 when it opened its store number 1,700 in Mocksville, N.C.