Tractor Supply Sees Big Sales, Opens 2,000th Store

The footprint of rural lifestyle retailer Tractor Supply Company has surpassed 2,000 stores, and the company is set to open as many as 80 new stores this year.

The growth plan arrives amid news that net sales for the retailer grew by 15.3 percent for the quarter and 19.9 percent for the year that ended Dec. 25.

Online sales experienced double-digit growth for the 38th consecutive quarter.

Net income increased by 62.9 percent for the quarter and 33.1 percent for the year.

“Today, our business is substantially stronger than before the pandemic,” said President Hal Lawton. “Our resilient and differentiated business model has allowed us to capitalize on the structural consumer trends benefiting our business, and we believe we have a long growth runway ahead of us.”

Tractor Supply began in 1938 as a mail-order business and opened its first store in 1939 in Minot, N.D. In 2011, 72 years later, it opened its 1,000th store in South Hill, Va. The retailer added its second thousand stores over the following decade and opened No. 2,000 in White House, Tenn., at the end of 2021.
Source: Business Wire