Tractor Supply Company is a retail chain that specializes in farming and maintenance products for homes. The company has an extensive network of stores across the United States and is known for its excellent customer service and high-quality products. While many people may be familiar with Tractor Supply, they may not know the owner of this retail chain.
History of Tractor Supply
Tractor Supply Company was established in 1938 as a mail-order catalog business selling tractor parts to farmers. Its popularity led to the opening of its first retail store in 1939 in North Dakota. The company eventually expanded, and today, it has over 1,900 stores across 49 states in the United States. The success of Tractor Supply can be attributed to its unique retail model, which focuses on the needs of ranchers, farmers, and outdoor enthusiasts.
The Owner of Tractor Supply
The company that owns Tractor Supply is Tractor Supply Company, Inc. This company is a publicly-traded corporation listed on the NASDAQ stock exchange, under the ticker symbol TSCO. The company has been publicly traded since 1994, and its stock price has steadily increased over the years.
Financial Performance of Tractor Supply
Tractor Supply Company has consistently delivered impressive financial results. Its revenue has been steadily increasing since its initial public offering, with the company generating over $10.4 billion in revenue in 2019. Its net income also increased from $0.2 million in 1994 to over $722 million in 2019. The company's success can be attributed to its unique retail model, which has allowed it to capture a significant market share in the farming and outdoor industry.
Conclusion
Tractor Supply Company has grown to become a leading retail chain in the United States, thanks to its unique retail model and commitment to customer service. Its owner, Tractor Supply Company, Inc., has been publicly traded since 1994 and has consistently delivered impressive financial results. As the farming and outdoor industry continues to grow, it is likely that Tractor Supply will continue to be a major player in this sector.