Tractor Supply Company is the largest operator of retail farm and ranch stores in the United States with over 475 stores in 30 states, focused on supplying the lifestyle needs of recreational farmers and ranchers. The Company also serves the maintenance needs of those who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located in towns outlying to major metropolitan markets and in rural communities. The Company offers the following comprehensive selection of merchandise: (1) livestock and pet products, including everything necessary for their health, care, growth and containment; (2) maintenance products for agricultural and rural use; (3) hardware and tool products; (4) seasonal products, including lawn and garden power equipment; (5) truck, trailer and towing products; and (6) work clothing for the entire family 

http://www.tractorsupply.com/

Tractor Supply Company Provides Third Quarter 2009 Business Update 
~ Announces Third Quarter Net Income Higher Than Expected ~
BRENTWOOD, Tenn., Oct. 8 /PRNewswire-FirstCall/ -- Tractor Supply Company (Nasdaq: TSCO), the largest retail farm and ranch store chain in the United States, today provided a business update for the third quarter ended September 26, 2009.
The Company's sales for the third quarter 2009 increased 1.9% to $747.7 million from $733.9 million in the third quarter of 2008. Same-store sales decreased 5.1% compared with a same-store sales increase of 6.2% in the third quarter of 2008. The Company anticipates that net income for the third quarter will be approximately $21.1 million to $22.2 million, or $0.58 to $0.60 per diluted share, compared to $15.9 million, or $0.43 per diluted share, in the prior year's third quarter. 
Jim Wright, Chairman and Chief Executive Officer, stated, "We are pleased that we will achieve higher-than-expected net income for the third quarter. Our team did an outstanding job delivering gross margin improvement and strong earnings performance by managing markdowns, inventories and expenses effectively. Additionally, we reduced year-over-year per-store inventory levels for the eighth consecutive quarter." 
Mr. Wright continued, "As we expected, difficult comparisons in emergency-response and seasonal products contributed to the same-store sales decline. However, our strategy to emphasize consumable, usable and edible merchandise categories, including animal and pet items, continued to drive business as we saw comp transaction count grow by 5.9% for the quarter." 
The Company will release its full third quarter 2009 results after the market close on Wednesday, October 21, 2009.
Company Outlook
Based on the Company's solid performance in the third quarter of 2009, the Company has raised its expectations for full year net income to a range of $2.88 to $2.98 per diluted share compared to its previous guidance of $2.78 to $2.92 per diluted share. The Company now anticipates annual net sales will be approximately $3.17 billion to $3.20 billion. Same-store sales for the year are expected to decrease approximately 1% to 2%. 
Mr. Wright concluded, "As we look to the remainder of the year, we have confidence that our strategy will continue to serve us well and enable us to grow our top and bottom line. While we are cautious as to how the consumer will spend during the upcoming holiday season, we remain focused on executing consistently and positioning our business to win in the current environment and beyond." 

Tractor Supply Company Provides Second Quarter 2009 Business Update 
         ~ Estimates Second Quarter Net Income Higher Than Expected ~
             ~ Raises Fiscal 2009 Net Income per Share Guidance ~
BRENTWOOD, Tenn., July 8 /PRNewswire-FirstCall/ -- Tractor Supply Company (Nasdaq: TSCO), the largest retail farm and ranch store chain in the United States, today provided a business update for the second quarter ended June 27, 2009.
The Company's sales for the second quarter 2009 increased 5.4% to $946.5 million from $898.3 million in the second quarter of 2008. Same-store sales decreased 2.7% compared with a same-store sales increase of 3.4% in the second quarter of 2008. Adjusting for one less selling day in the quarter due to the shift of the Easter holiday, same-store sales decreased 1.7%. The Company anticipates that net income for the second quarter will be approximately $54.0 million to $54.8 million, or $1.48 to $1.50 per diluted share, compared to $43.4 million, or $1.15 per diluted share, in the prior year's second quarter.
Jim Wright, Chairman and Chief Executive Officer, stated, "We are delighted that we will achieve higher-than-expected net income for the second quarter, primarily due to our focus on expanding gross profit net of advertising expense. As part of our effort to refine our marketing program, we eliminated television ad spending in favor of more efficient and productive direct marketing. Despite ongoing pressure on big-ticket sales, we are pleased that we increased comparable customer transactions by 460 basis points and decreased per-store inventory levels on a year-over-year basis for the seventh consecutive quarter."
The Company will release its full second quarter 2009 results after the market close on Wednesday, July 22, 2009.

Tractor Supply Company Reports First Quarter 2009 Results 
    ~ Sales Increased by 12.8% to $650.2 Million ~
    ~ Same-Store Sales Increased 4.2% ~
    ~ Earnings per Share of $0.01 vs. Loss per Share of $(0.05) ~
BRENTWOOD, Tenn., April 22 /PRNewswire-FirstCall/ -- Tractor Supply Company (Nasdaq: TSCO), the largest retail farm and ranch store chain in the United States, today announced financial results for its first fiscal quarter ended March 28, 2009.
First Quarter Results
Net sales increased 12.8% to $650.2 million from $576.2 million in the prior year's first quarter. Same-store sales increased 4.2%, compared with a 6.5% decrease in the prior-year period. This same-store sales increase was primarily driven by the Company's core consumable categories, including animal and pet-related products. Additionally, same-store sales were positively impacted by approximately 160 basis points due to one additional selling day related to the shift of the Easter holiday from March into April.
Gross margin increased 14.5% to $201.0 million, or 30.9% of sales, compared to $175.5 million, or 30.5% of sales, in the prior year's first quarter. The improvement in gross margin resulted primarily from lower fuel costs and improved transportation efficiencies.
Selling, general and administrative expenses, including depreciation and amortization, improved slightly to 30.7% of sales for the first quarter of this year compared to 30.8% of sales for the first quarter of last year, primarily due to reduced marketing costs.
Net income for the quarter was $0.5 million, or $0.01 per diluted share, compared to a net loss of $2.0 million, or $(0.05) per diluted share, in the first quarter of the prior year. Exclusive of the LIFO provision, net income for the quarter was $2.2 million, or $0.06 per diluted share, compared to net loss of $0.2 million, or $(0.01) per diluted share, in the first quarter of 2008.
The Company opened 28 new stores, closed one store, and relocated one store in the first quarter compared to 27 new stores and no closed or relocated stores in the prior year's first quarter.
Jim Wright, Chairman and Chief Executive Officer, stated, "We are very pleased to have generated a double-digit top-line increase while improving gross margin and profitability in a challenging macro environment. We experienced a very strong increase in comp transaction count as customers continue to view Tractor Supply Company as a destination for serving their rural lifestyle needs. At the same time, we benefited from our disciplined operational management, as reflected by our inventory productivity improvements and expense leverage for the quarter."
Company Outlook
The Company confirmed its fiscal 2009 expectations for net sales to range from $3.2 billion to $3.3 billion, same-store sales to range from a decline of approximately 1.5% to an increase of approximately 1.5%, and net income to range from $2.58 to $2.74 per diluted share.
Mr. Wright concluded, "With a solid start to this year, we are confident we are taking the right steps to continue differentiating our business in the market and executing our retail strategy to win in the current environment and beyond. As we move through the year, we anticipate leveraging our compelling value proposition, strong vendor relationships, and solid financial foundation to navigate the current economic backdrop. Based on the success we have achieved in our unique niche, we have identified additional growth opportunities for the business, including expanding our long-term store target to 1,800 domestic stores, which we believe positions us well to deliver long-term growth and value for our shareholders."
Conference Call Information
Tractor Supply Company will be hosting a conference call at 5:00 p.m. Eastern Time today to discuss the quarterly results. The call will be simultaneously broadcast over the Internet on the Company's homepage at TractorSupply.com and can be accessed under the link "Investor Relations." The webcast will be archived shortly after the conference call concludes through April 29, 2009.