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.
Top 5 Performing Stocks To Watch For 2023: Hudson Technologies, Inc.(HDSN)
Hudson Technologies Inc. operates as a refrigerant services company in the United States and internationally. The company sells reclaimed and virgin refrigerants, and industrial gases; and provides refrigerant management services, which primarily include reclamation of refrigerants and laboratory testing. It also separates crossed refrigerants; and provides re-usable cylinder refurbishment and hydrostatic testing services. In addition, the company provides RefrigerantSide services consisting of system decontamination to remove moisture, oils, and other contaminants, as well as refrigerant recovery and reclamation services. Further, it offers predictive and diagnostic services that are intended to predict potential problems in air conditioning and refrigeration systems under the Chiller Chemistry, Chill Smart, and Fluid Chemistry names; and SmartEnergy OPS service, a Web-based real time continuous monitoring service that identifies inefficiencies in the operation of air conditioning and refrigeration systems. Further, it participates in the generation of carbon offset projects. The company serves commercial, industrial, and governmental customers, as well as refrigerant wholesalers, distributors, contractors, and refrigeration equipment manufacturers; and customers in petrochemical, pharmaceutical, industrial power, manufacturing, commercial facility and property management, and maritime industries. Hudson Technologies, Inc. was founded in 1991 and is headquartered in Pearl River, New York.