Tractor Supply Company Announces 1,700th Store Opening
03 April 2018 - 10:00PM
Company Continues to Execute Long-Term
Growth Strategy & Support of Rural Lifestyle
Customers
Tractor Supply Company (NASDAQ:TSCO), the largest
retail store chain of rural lifestyle products in the United
States, today announced the opening of its 1,700th store. The new
store is located in Mocksville, NC at 1029 Yadkinville Road, Suite
101 and will hold its grand opening on Saturday, April 7th
beginning at 8:00 a.m.
Greg Sandfort, Tractor Supply’s Chief Executive Officer, stated,
“The opening of our 1,700th store is an important milestone that we
are proud to reach during our 80th year of operations, as we
continue to bring Tractor Supply closer to more customers who live
the Out Here lifestyle. Through our ONETractor strategy, we are
combining our physical and digital assets into one seamless
shopping experience that allows our customers to engage with us
anytime, anywhere and any way they choose. Whether it be in
convenient store locations or online, each day we strive to provide
our customers with relevant products and legendary service to
support their lifestyle.”
In celebration of the Company’s 1,700th store opening, the
Mocksville, NC Tractor Supply store will be hosting several grand
opening events on April 7th with participation from a variety of
community groups. Festivities include a pet adoption event
with the Davie County Humane Society, antique trailer viewings with
the Piedmont Antique Power Association, product and driving demos
with Cub Cadet, introductory meetings with the Davie County FFA,
and other exciting attractions hosted by Tractor Supply
Company.
Tractor Supply Company was founded 80 years ago and
has grown from its early days as a tractor parts catalog company to
become the largest retail store chain of rural lifestyle products,
with 1,700 Tractor Supply stores in 49 states, a robust e-commerce
website and 28,000 team members across the country. The Company
opened 101 new Tractor Supply stores in 2017 and expects to
continue its strategic expansion plans with 80 new store openings
in 2018.
About Tractor Supply
CompanyTractor Supply Company (NASDAQ:TSCO) is in its 80th
year of operation and, since being founded in 1938, has grown to
become the largest rural lifestyle retail store chain in the United
States. With 28,000 team members, 1,700 stores in 49 states and an
e-commerce website, Tractor Supply is passionate about serving its
unique niche, as a one-stop shop for recreational farmers, ranchers
and all those who enjoy living the rural lifestyle. Tractor Supply
offers an extensive mix of products necessary to care for home,
land, pets and animals with a focus on product localization,
exclusive brands and legendary customer service that addresses the
needs of the Out Here lifestyle. The Company leverages its physical
store assets with digital capabilities to offer customers the
convenience of purchasing products they need anytime, anywhere and
any way they choose at the everyday prices they deserve. At March
31, 2018, the Company operated 1,700 Tractor Supply stores in 49
states and an e-commerce website at
www.tractorsupply.com.
Tractor Supply Company also owns and operates
Petsense, a small-box pet specialty supply retailer focused on
meeting the needs of pet owners, primarily in small and mid-size
communities, and offering a variety of pet products and
services. At December 30, 2017, the Company operated 168
Petsense stores in 26 states. For more information on
Petsense, visit www.petsense.com.
Forward Looking
StatementsCertain statements contained in this press
release are not historical facts and are forward looking statements
within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements may be identified by words such as
“believes”, “expects”, “future” or other comparable
terminology. Such statements include, but are not limited to,
statements about expected growth, including the Company’s plans
with respect to new store growth and the timing thereof.
Because such forward looking statements contain risks and
uncertainties, actual results may differ materially from those
expressed in or implied by such forward looking statements. Factors
that could cause actual results to differ materially include, but
are not limited to, the ability to manage and identify suitable
locations and the ability to open new stores in the manner and
number currently contemplated as well as our failure to achieve
expected sales and operating results from new stores. All of
the forward looking statements are also qualified by the cautionary
statements contained in the Company’s Annual Report on Form 10-K
and other filings with the Securities and Exchange Commission. The
Company undertakes no obligation to revise or update any
forward-looking statements, or to make any other forward-looking
statements, whether as a result of new information, future events
or otherwise.
Tractor Supply CompanyInvestor
Contacts:Mary Winn Pilkington (615) 440-4212Beth Thompson (615)
440-4102
Media Contacts:Alecia Pulman/Brittany Rae Fraser, ICR (203)
682-8200
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/2b28cb70-6919-4685-9819-7303c72b8208
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