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. 

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.

December 23, 2011

Purists might scoff, but Craftsman's premium line of riding mowers capable of speeds of 8 miles per hour will appear at the Detroit Auto Show.

The Craftsman CTX9000 Premium Tractor will appear at the Detroit Auto Show, Jan. 10 to 11 at Cobo Hall, Detroit.

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 15, 2011

Balqon Corp., a developer of electric drive system technologies for commercial electric vehicles, has unveiled a battery-powered all-electric yard tractor that incorporates the company's electric vehicle drive system.

September 12, 2011

Another volatile week on Wall Street created winners and losers on the Home Channel Stock Roundup -- way out in front is Tractor Supply.

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. 

May 9, 2011

The U.S. Consumer Product Safety Commission, in cooperation with Kohler Co. of Kohler, Wis., has recalled 10,000 lawn tractors sold under the Cub Cadet, Troy-Bilt and Husqvarna brands because of the possibility of injuries to users.

A wire connector on the lawn tractors’ engine can become disconnected, causing the operator's seat switch to fail. When this happens, the blades will not shut down, posing a laceration hazard to consumer.

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.

November 1, 2010

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