Tractor Supply’s Allivet Acquisition: The Expansion of Pet and Animal Prescription Services To Change The Game!

Tractor Supply Company reported a mixed set of results for the fourth quarter and fiscal year 2024. Net sales for the year approached $14.9 billion, marking a 2.2% increase from 2023, with comparable store sales inching up by 0.2%. The company’s digital sales reached over $1.1 billion, setting a new record. Tractor Supply also achieved record operating cash flow of $1.4 billion, enabling significant investments in store openings, a new distribution center, and remodeling projects. During 2024, the company added 80 new Tractor Supply stores and 11 Petsense locations. Moreover, Tractor Supply’s acquisition of Allivet is expected to augment its offerings, particularly to pet owners within its Neighbor’s Club loyalty program.