Tractor Supply was founded in 1938 as a mail order tractor parts business. The first Tractor Supply Co. retail store was opened in 1939 in Minot, North Dakota.
Today, Tractor Supply Company is the largest rural lifestyle retailer in the United States. With more than 2700 stores in 49 states and an e-commerce site, Tractor Supply offers everything from chicken coops and horse feed to clothing and footwear.
The company’s store count has been growing steadily over the past few years, with over 100 new stores added in 2019 alone. This growth is thanks in large part to the acquisition of Petsense, a pet supplies retailer with locations across the United States.
In 2019, Tractor Supply’s sales increased by 5.8% to $7.7 billion. The company attributed this growth to strong performance across all of its product categories, including pet food and supplies, which saw sales increase by 11.1%.
Looking ahead, Tractor Supply expects to continue its growth trajectory with the opening of new stores and continued expansion into new product categories. The company is also investing in its e-commerce capabilities, which will provide even more growth opportunities in the years to come.
So who bought Tractor Supply? While the company is publicly traded on the Nasdaq stock exchange, it does not have a single majority shareholder. Instead, it is owned by a large number of institutional and individual investors.
