Tractor Supply Company ups domestic store target to 2,500 units

Brentwood, Tenn. - Tractor Supply Company has increased its domestic store growth target to 2,500 stores from 2,100 stores and its long-term operating margin target to 11.5% from 10.5%. The company is basing this enhanced guidance on the positive effects of key sales and gross margin initiatives, along with ongoing system enhancements such as demand planning, inventory allocation, and price optimization



“We remain committed to driving long-term sustainable earnings growth and shareholder return by having a balanced approach to driving sales, growing gross margin, managing working capital and improving efficiencies,” said Greg Sandfort, president and CEO.



Tractor Supply Company operates 1,382 stores in 49 states.