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Why Tractor Supply Thinks It Can Add Another $1 Billion of Sales to Its Base in 2021

·3 min read
Why Tractor Supply Thinks It Can Add Another $1 Billion of Sales to Its Base in 2021
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Investors had high expectations heading into Tractor Supply's (NASDAQ: TSCO) second-quarter earnings report. The rural lifestyle retailer had been a huge winner from pandemic-related shifts in consumer spending habits, but Wall Street was looking for further growth and profit wins as COVID-19 cases decline in 2021. Tractor Supply managed to blow past those optimistic forecasts, though, and management said this week that it sees an even bigger growth opportunity ahead for the rest of the year.