Company History and Growth
- Founded in 1938 by Charles Schmidt in Chicago as a mail-order catalog selling tractor parts.
- First retail store opened in 1939 in Minot, North Dakota.
- Traded publicly on the Over-The-Counter Market in 1959 and later on the New York Stock Exchange.
- Opened first international stores in Canada in 1967.
- Moved headquarters to Nashville, Tennessee in 1979.
- Expanded to serve hobbyist farmers and suburban families interested in gardening and livestock.
- Reported revenues of over $1.7 billion in 2004 and named one of the 100 fastest-growing businesses by Fortune magazine.
- Moved headquarters to Brentwood, Tennessee in 2004.
- Reached Fortune 500 list in 2014.
- Opened its 1700th store in 2018.
- Opened its 1900th store in September 2020 and had 1923 stores by December.
- Saw revenue grow 27 percent during the COVID-19 pandemic.
- Reached #291 on the Fortune 500 list in 2021.
Products and Mission
- Carries 15,500 to 20,000 products in-store, including clothing, tools, home goods, pet food, and farm animal feed.
- Offers 125,000 to 150,000 products online across thirteen categories.
- Livestock and pet products category accounted for 47 percent of sales in 2020.
- Exclusive brands represented 29 percent of total sales in 2021.
- Mission statement: To provide legendary service and great products at everyday low prices.
Corporate Affairs and Community Engagement
- Sponsor of 4-H since 2010, raising $1.3 million for 4-H members through the Paper Clover campaign in 2021.
- Started Grants for Growing program in 2016, raising $790,269 for FFA students in 2021.
- Partnered with MuttNation Foundation in 2019 to support shelter pets.
- Joined the American Connection Project in 2020 to support rural broadband access.
- Named to Investor Business Daily's 100 Best ESG Companies in 2021.
- Tractor Supply has a diverse customer base, including millennial customers who are seeking a rural lifestyle.
- The company has over 22 million loyalty program members, many of whom are young and actively spending money.
- Tractor Supply's loyalty program, called Neighbors Club, offers various benefits and features to its members.
- Tractor Supply has been certified as a Great Place to Work, reflecting its commitment to employee satisfaction and customer service.
Business Expansion and Acquisitions
- Tractor Supply has expanded its presence in various markets, including Utah, Cambridge, and Creston.
- The company acquired Orscheln Farm and Home, a 167-store chain, in a cash transaction worth $297 million.
- Tractor Supply also acquired Petsense, a pet specialty retailer with 136 stores.
- The company's acquisition of Orscheln Farm and Home raised concerns and required approval from the Federal Trade Commission.
- Tractor Supply's expansion and acquisitions have contributed to its growth and market presence.
Environmental Sustainability and Corporate Social Responsibility
- Tractor Supply is committed to environmental sustainability and has implemented green power initiatives.
- The company has focused on energy-efficient lighting solutions, including the adoption of LED technology.
- Tractor Supply has been recognized as one of the 100 Best ESG (Environmental, Social, and Governance) stocks.
- The company's General Counsel, Noni Ellison, plays a key role in driving its ESG efforts.
- Tractor Supply's efforts in sustainability and corporate social responsibility contribute to its positive reputation and stakeholder engagement.
Tractor Supply Company (also known as TSCO or TSC), founded in 1938, is an American retail chain of stores that sells products for home improvement, agriculture, lawn and garden maintenance, livestock, equine and pet care for recreational farmers and ranchers, pet owners, and landowners. The company has 2,000 stores and is headquartered in Brentwood, Tennessee. It is publicly traded on the NASDAQ under the ticker symbol TSCO and is a Fortune 500 company.
 | |
| Type | Public |
|---|---|
| Industry | Retail |
| Founded | 1938 Chicago, Illinois, U.S. |
| Founder | Charles Schmidt |
| Headquarters | , U.S. |
Number of locations | 2,200 (2023) |
Area served | 49 U.S. states |
Key people | Hal Lawton - President and CEO |
| Products | Clothing & footwear, dog, cat & pet supplies, trailers & accessories, lawn and garden supplies, propane & heating supplies, tools & gun safes, fencing, welders & welding supplies, lawn mowers & power generators, etc |
| Revenue |  US$ 12.731 billion (2021) |
| US$ 1,306.7 million (2021) | |
| US$ 997.1 million (2021) | |
| Total assets | US$ 7.767 billion (2021) |
| Total equity | US$ 2.003 billion (2021) |
Number of employees | 46,000 (2021) |
| Website | tractorsupply |
