TRACTOR SUPPLY CO /DE/ (TSCO)

Tractor Supply Company is the largest rural lifestyle retailer in the United States, focused on supplying the needs of recreational farmers, ranchers, homesteaders, animal and pet owners, and others who enjoy the "Out Here" rural lifestyle. It sells through Tractor Supply Company and Petsense by Tractor Supply stores, the Tractor Supply mobile app, and the websites TractorSupply.com, Petsense.com and Allivet.com. On December 30, 2024, it acquired Allivet, an online pet pharmacy, for $135.0 million in cash. The company has one reportable segment, the retail sale of products supporting the rural lifestyle.

At December 27, 2025, the company operated 2,602 stores in 49 states: 2,395 Tractor Supply stores (typically 15,000 to 20,000 square feet of inside selling space plus outside Side Lot or garden areas) and 207 Petsense stores (about 5,500 square feet, in 23 states). Each store carries roughly 17,000 to 25,000 products, and over 300,000 are offered online. Fiscal 2025 sales by category were Livestock, Equine & Agriculture 27%, Companion Animal 24%, Seasonal & Recreation 24%, Truck, Tool & Hardware 15%, and Clothing, Gift & Décor 10%. The company emphasizes consumable, usable and edible products such as feed, pet food, bird seed, lubricants and propane. Owned Brands and exclusive product categories made up about 30% of fiscal 2025 sales. Owned Brands include 4health, Paws & Claws, Producer's Pride, Countyline, Huskee, JobSmart and Retriever. Petsense is a small-box pet specialty retailer serving small and mid-sized communities. Allivet is a pet and animal pharmacy licensed in all 50 states with three distribution centers and next-day delivery to most of the U.S.

Its target customers are home, land, pet, animal and livestock owners, mostly living in rural communities and in towns outlying major metropolitan areas, who generally have above-average income and below-average cost of living. It also serves business customers such as larger farms, small and medium businesses and event spaces through a direct sales program. Customers can buy in store, online or via the app, with buy online pickup in-store, curbside pickup, ship to store, store delivery, home delivery and same-day delivery on select items. The Neighbor's Club loyalty program, a Customer Solutions Center and an "everyday low price" approach support engagement.

Products come from over 1,100 domestic and international vendors. No vendor accounted for more than 10% of purchases, and about 425 core vendors made up 90% of fiscal 2025 purchases. About 81% of Tractor Supply store merchandise moved through the company's distribution network, with the rest shipped directly from vendors. Distribution centers in Arizona, Arkansas, Georgia, Indiana, Kentucky, Maryland, Nebraska, New York, Ohio and Texas total about 7.8 million square feet, and a new Nampa, Idaho center is expected to open in the fourth quarter of 2026. Its Store Support Center is in Brentwood, Tennessee. The company employed about 26,000 full-time and 26,000 part-time team members as of December 27, 2025. It is remodeling its store base under a multi-year program begun in 2020 and runs an ERP-integrated technology platform. The text does not name specific competitors.