Tractor Supply (TSCO) 10-K Summary — Year Ended Dec 28, 2024
Tractor Supply Company filed its annual report for the most recent fiscal year. The filing details its position as the largest rural lifestyle retailer in the United States and provides financial metrics from the reporting period.
Key takeaway
Year ended Dec 28, 2024 · FY2025 10-K
Tractor Supply Company filed its annual report for the most recent fiscal year. The filing details its position as the largest rural lifestyle retailer in the United States and provides financial metrics from the reporting period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.9B
Revenue reported for the fiscal year.
Operating income
$1.5B
Income from operations reported for the year.
Net income
$1.1B
Net income reported for the year.
Operating cash flow
$1.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 25, 2021 | $12.7B | n/a |
| Dec 31, 2022 | $14.2B | +11.6% |
| Dec 30, 2023 | $14.6B | +2.5% |
| Dec 28, 2024 | $14.9B | +2.2% |
Business overview
Tractor Supply Company is the largest rural lifestyle retailer in the United States, serving recreational farmers, ranchers, and those who enjoy the rural lifestyle. It operates over two thousand retail stores under the Tractor Supply and Petsense by Tractor Supply names, primarily located in rural communities and towns outside major metropolitan markets. The company also offers an expanded product assortment through its mobile application and websites, with a single reportable segment focused on retail sales supporting the rural lifestyle.
Financial performance
The company reported revenue of fourteen point nine billion dollars for the fiscal year ended December twenty-eighth, two thousand twenty-four, reflecting year-over-year growth. Operating income was one point five billion dollars, net income reached one point one billion dollars, and cash from operations totaled one point four billion dollars.
Material risks
The filing includes forward-looking statements and identifies that actual results may differ from expectations due to various factors. The risk factors section indicates unresolved staff comments and other regulatory or operational risks, though the specific risk descriptions are not fully detailed in the provided context.
Liquidity and capital
Primary cash requirements include new store expansion, store remodeling, inventory purchases, share repurchases, and cash dividends. The company expects to fund operations and capital expenditures through existing cash, cash from operations, debt facilities, sale-leaseback programs, and trade credit.
What to watch
Investors should monitor comparable store sales growth in the next filing, as it is a key indicator of underlying retail performance.