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tractor supply annual report

You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. For fiscal 2019, net income was $562.4 million, or $4.66 per diluted share, compared to $532.4 million, or $4.31 per diluted share, in fiscal 2018. For more information on Petsense, visit I am optimistic about the future of Tractor Supply and where Hal and the team will lead the Company in the future.”Hal Lawton, who was named Tractor Supply’s President and Chief Executive Officer, effective January 13, 2020, said, “I would like to thank Greg for his outstanding leadership and dedication to Tractor Supply over the last 12 years.

As we move into 2020 and beyond, Tractor Supply is well positioned to build on our strengths, and I am excited about our opportunities for growth. While our comparable store sales performance for the fourth quarter was below our expectations, the weakness was driven principally by the effect of a period of warmer than expected weather impacting the sales of seasonal products and softness in several holiday discretionary categories. In the coming weeks and months, I will be focused on listening and learning from Tractor Supply team members and working with the leadership team to position Tractor Supply for continued long-term success.”Gross profit increased 3.6% to $741.8 million from $716.3 million, and gross margin rate increased 26 basis points to 33.8% from 33.6% in the prior year’s fourth quarter. If you experience any issues with this process, please contact us for further assistance. At December 28, 2019, the Company operated 180 Petsense stores in 26 states. However, if we experience a significant increase in the number of claims or the cost associated with these claims, we may be exposed to losses that could be material.A 10% change in our self-insurance reserves as of December 28, 2019, would have affected net income by approximately $5.0 million in fiscal 2019. After submitting your request, you will receive an activation email to the requested email address. PDF; Form 10K (HTML) Tractor Supply Company does not currently have any hardcopy reports on AnnualReports.com.

You must click the activation link in order to complete your subscription. Tractor Supply Company today released its inaugural Environmental, Social and Governance (ESG) Report recapping 2019 performance metrics.

Tractor Supply Company Contacts: Mary Winn Pilkington (615) 440-4212 Marianne Denenberg (615) 440-4345. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below.

Additionally, in the fourth quarter of 2019, the Company closed one Petsense store. You can sign up for additional alert options at any time.At Tractor Supply Company, we promise to treat your data with respect and will not share your information with any third party. These SG&A increases were partially offset by a decrease in incentive compensation as well as disciplined cost management.The effective income tax rate was 22.3% compared to a rate of 22.2% in the prior year’s fourth quarter.Net income was $144.2 million, or $1.21 per diluted share, compared to net income of $136.9 million, or $1.11 per diluted share, in the fourth quarter of 2018. As a percent of net sales, SG&A expenses increased three basis points to 25.2% from 25.1% in the fourth quarter of 2018.

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tractor supply annual report

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tractor supply annual report