Topic: How To Invest

Q: Tractor Supply is doing well in the pandemic. What do you think of its outlook now? Thank you.

Article Excerpt

A: Tractor Supply Co., $132.95 symbol TSCO on Nasdaq (Shares outstanding: 116.5 million; Market cap: $15.5 billion; www.tractorsupply.com) is the largest “rural lifestyle” retailer in the U.S. The company offers an extensive mix of products necessary for the care of home, land, pets and agriculture animals. Many of its offerings are tailored to specific regions, and the company focuses on its exclusive brands and strong customer service. Tractor Supply operates over 1,900 Tractor Supply-branded stores in 49 states, as well as an expanding e-commerce website. The company also owns and operates Petsense, a small-box pet-supply retailer focused on the needs of pet owners in small and mid-size communities. There are 180-plus Petsense stores in 25 states. Overall, 48% of Tractor Supply’s sales come from livestock and pet products, 23% from hardware, tools and truck products, 19% from seasonal, gift and toy products, 5% from clothing and footwear, and another 5% is from agricultural products. Over the last five years, total annual revenue increased 46.2%,…