Tractor Supply Company Celebrates 80th Anniversary of Operations With Nasdaq Closing Bell Ceremony
September 04 2018 - 6:30PM
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle
retail chain in the United States, rang the Nasdaq stock market
closing bell today 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,
chief executive officer 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, North Dakota in
1939 and its 100th store in Hutchinson, Kansas in 1964. Since that
time, Tractor Supply has continued to grow to become the largest
rural lifestyle retail chain in the United States, now with over
1,725 stores in 49 states and a robust e-commerce website.
Mr. Sandfort concluded, “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.”
Other interesting historical facts about Tractor
Supply Company include:
- In 1959, the Company reached $10 million in sales.
- Since 1979, the Company’s headquarters have been located in
Nashville, Tennessee.
- Despite the name, Tractor Supply does not sell tractors.
Instead, product assortments include everything rural lifestyle
customers need to maintain farms, ranches, homes and animals.
- On February 17, 1994, Tractor Supply went public on the NASDAQ
under the ticker symbol TSCO.
- Since last ringing the Nasdaq opening bell in 2013, Tractor
Supply’s net sales have increased 40 percent (as of fiscal year
2017).
- In 2014, Tractor Supply became a part of the Fortune 500 with
2013 annual sales reaching $5 billion.
- In 2016, Tractor Supply acquired Petsense, a small-box pet
specialty supply retailer.
- On March 31, 2018, the Company celebrated the opening of its
1,700th store location.
About Tractor Supply
CompanyTractor Supply Company (NASDAQ: TSCO) is in its
80th year of operation and, since being founded in 1938, has grown
to become the largest rural lifestyle retail chain in the United
States. With more than 28,000 team members, over 1,725 stores in 49
states and an e-commerce website, Tractor Supply is passionate
about serving its unique niche, as a one-stop shop for recreational
farmers, ranchers and all those who enjoy living the rural
lifestyle. Tractor Supply offers an extensive mix of products
necessary to care for home, land, pets and animals with a focus on
product localization, exclusive brands and legendary customer
service that addresses the needs of the Out Here lifestyle. The
Company leverages its physical store assets with digital
capabilities to offer customers the convenience of purchasing
products they need anytime, anywhere and any way they choose at the
everyday prices they deserve. At June 30, 2018, the Company
operated 1,725 Tractor Supply stores in 49 states and an e-commerce
website at www.tractorsupply.com.
Tractor Supply Company also owns and operates
Petsense, a small-box pet specialty supply retailer focused on
meeting the needs of pet owners, primarily in small and mid-size
communities, and offering a variety of pet products and services.
At June 30, 2018, the Company operated 174 Petsense stores in 27
states. For more information on Petsense, visit
www.petsense.com.
Tractor Supply CompanyInvestor
Contacts:Mary Winn Pilkington (615) 440-4212
Media Contacts:Alecia Pulman/Brittany Rae Fraser, ICR (203)
682-8200
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/d3bfa75d-7121-4ade-a06e-b0a7eb132dfe
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