Description
Tractor Supply’s 100 New Stores & Hundreds of Remodels: How It Is Quietly Expanding Its Moat!
Tractor Supply Company closed 2025 with a mixed performance that should be carefully considered within an investment thesis. On one hand, the company successfully advanced its strategic initiatives and maintained growth in certain key areas, while on the other, it faced significant challenges that affected its overall performance. Positively, Tractor Supply saw a net sales increase of 4.3% for the year, with sales rising to $15.5 billion, largely driven by new store growth. The company’s digital business also expanded, showing high single-digit growth and positioning itself well in an increasingly digital shopping environment. Additionally, customer service scores reached new highs, and the company’s loyalty program showed growth, with membership contributing to over 80% of sales. Investment in infrastructure, such as the opening of new distribution centers and localized store formats, underscores a commitment to long-term growth.
