Tractor Supply Company is a leading retailer in the agricultural and home improvement markets. With over 1,900 stores across 49 states, Tractor Supply Company has become a household name. This article will explore who owns Tractor Supply Company and what the future holds for the company.
The Early Days of Tractor Supply Company
Tractor Supply Company was founded in 1938 by Charles E. Schmidt. Mr. Schmidt started the company as a mail-order business, selling tractor parts and supplies to farmers across the country. In the 1960s, Tractor Supply Company expanded its product line to include hardware, tools, and other agricultural supplies. Today, Tractor Supply Company sells products for the home, farm, and ranch.
Ownership of Tractor Supply Company
Tractor Supply Company is a publicly traded company, which means it is owned by shareholders. The company's stock is listed on the NASDAQ stock exchange under the ticker symbol TSCO. As of 2021, Tractor Supply Company has a market capitalization of over $19 billion, making it one of the largest retailers in the United States. The company's board of directors is responsible for overseeing the operations of the company.
The Future of Tractor Supply Company
Tractor Supply Company has experienced steady growth over the past few years, despite the challenges of the COVID-19 pandemic. In 2020, the company generated over $10 billion in revenue. Tractor Supply Company has also expanded its e-commerce capabilities, which have become increasingly important in the retail industry.
Tractor Supply Company has plans to open additional stores in the coming years, particularly in the Northeast and West Coast regions of the United States. The company is also investing in new technology to enhance the customer experience, including mobile checkout and self-service options. Tractor Supply Company is committed to providing its customers with the products and services they need to live a rural lifestyle.
Conclusion
In conclusion, Tractor Supply Company is a publicly traded company that is owned by shareholders. The company has a long history of providing high-quality products to farmers and rural residents. With its recent expansion into e-commerce and plans for further growth, Tractor Supply Company is poised for success in the coming years.