Tractor Supply Co., which narrowly missed fourth-quarter expectations, is going full steam ahead with its ambitious expansion strategy.
The nation’s largest rural retailer said its capital plans for 2025 include opening approximately 90 Tractor Supply stores, 10 Petsense by Tractor Supply stores and continuing Project Fusion remodels and garden center transformations. It also is building its 11th distribution center.
In December, as part of its “Life Out Here” strategy, Tractor Supply increased its long-term store count goal to 3,200 locations, up from its previously announced target of 3,000.
Tractor Supply reported that its net income totaled $236.4 million, or $0.44 a share, in the quarter ended Dec. 28, compared with $247.9 million, or $.46 a share, in the year-ago quarter. Analysts expected earnings of $0.45 a share.