2024-03-11 13:24:24 ET
Summary
- Tractor Supply is a retailer focused on farming, agricultural tools, pet and livestock products, and outdoor merchandise.
- The company has experienced revenue growth of almost 75% over the past five years and has consistently increased earnings per share.
- Tractor Supply pays a dividend with a yield of about 1.75% and has a track record of dividend growth exceeding 20%.
About the Company
Tractor Supply ( TSCO ) is a retailer focused on farming and agricultural tools and supplies. Additionally, the company also sells pet and livestock products, as well as general outdoor merchandise and gardening items. As of the end of fiscal year 2023 the company operated more than 2,400 retail stores in 49 states, this includes just over 2,200 Tractor Supply Stores and just under 200 Petsense stores. Management has stated in their most recent earnings call they plan to open about 80 new Tractor Supply stores and 10-15 Petsense stores in 2024....
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Tractor Supply: Slow And Steady Should Win The Race