Tractor Supply Company (TSCO Quick QuoteTSCO ) is climbing up the charts, thanks to its sturdy growth ploys including ‘ONETractor’ Strategy that helps it stay afloat amid the prevalent pandemic-borne crisis. To resonate well with the evolving consumer trends, management is quite focused on integrating the physical and digital channels to offer its customers a seamless shopping experience. It is also banking on its robust digital capabilities to drive e-commerce growth. The company is also benefiting from its sturdy portfolio including everyday merchandise, such as consumable, usable and edible products.
This Brentwood, TN-based company’s shares have surged 46.2% in the year-to-date period, outperforming the industry’s mere 0.3% growth. In addition, the Zacks Consensus Estimate of $12.29 billion for sales and $7.96 for earnings in 2021 suggests a respective increase of about 16% from the year-ago reported figures.
Let’s Delve Deeper
Tractor Supply is on track to develop its Tractor Supply’s Out Here lifestyle assortment and convenient shopping format to win customers and grab a plum market share. The strategy is essentially based on five key pillars, which include customers, digitization, execution, team members and total shareholder returns. Some of the key initiatives undertaken to support its strategy comprise reinforcement of space productivity, enhancement of omni-channel initiatives, evolution of Neighbor’s Club loyalty program and acceleration of in-store merchandising execution.
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Square, Inc. develops and provides point-of-sale software worldwide. It provides Square Register, a point-of-sale system that takes care of digital receipts, inventory, and sales reports, as well as provides analytics and feedback. The company serves big and small businesses from bakeries to retailers. Its product, Square Register, is available in the App Store and on Google Play, and it is designed to run on a smartphone or tablet, and on counter. Square, Inc. is headquartered in San Francisco, California.