Tractor Supply Sales Growth Hits Two Year High on Animal Feed Demand
An employee assists a customer at a Tractor Supply Co. store in Merced, California.
Photographer: David Paul Morris/BloombergTractor Supply Co. rose after posting its best sales growth in two years as steady demand for its livestock feed, coupled with positive momentum in big-ticket purchases, lifted results above expectations.
The retailer’s offerings critical to rural living — including livestock feed — have helped maintain foot traffic through recent consumer uncertainty, and pumped up both transactions and average spending. That has put it at odds with peers like Target Corp. and Home Depot Inc. that have seen consumers cutback on some purchases.