Company
Profile
Tractor Supply
Company is the largest retail farm and ranch store chain in the United
States. The company operates more than 676 retail stores in 37 states
and one Canadian province, employs more than 7,800 team members and
is headquartered in Brentwood, Tenn. Its stock is traded on the NASDAQ
exchange under the symbol “TSCO.”
The
company was founded in 1938 as a mail order catalog business offering
tractor parts to America’s family farmers. Today Tractor Supply
is a leading edge retailer with revenues surpassing $2 billion.
Tractor Supply stores are primarily
located in rural areas and the outlying suburbs of major cities. The
typical Tractor Supply store has 15,000-24,000 square feet of inside
selling space with a similar amount of outside space used to display
agricultural fencing, livestock equipment and horse stalls.
Stores supply the
unique products to support their customers’
rural lifestyle, from welders and generators to animal care products,
and men and women’s workwear. You can also find pet supplies,
animal feed, power tools, riding mowers, lawn and garden products
and more. Each store team also includes a welder, a farmer and a horse
owner who collectively provide an exceptional depth of knowledge and
resources.
Tractor Supply is committed
to understanding and fulfilling the needs of those who enjoy the rural
lifestyle--folks who frequently describe themselves as hobby farmers
and hobby ranchers. It is estimated that the “hobby” or
“pleasure” farmer consumer segment spends more than $5.5
billion annually on farm supplies. Today less than 10 percent of the
company’s customers classify themselves as full-time farmers
or ranchers. In fact, Tractor Supply’s largest customer segment
does not farm at all. They are more aptly described as rural or suburban
homeowners, or “self-reliants.” When asked, customers
often describe Tractor Supply as “a store you can trust.”
Tractor Supply is continuing
to grow with new stores and improved product offerings while celebrating
its 65th anniversary. The Tractor Supply mission and values motivate
and inspire team members, and give them a unified focus for the future.