Quick10K

Tractor Supply

Filings

10-Q	2020-03-28	Filed 2020-05-07
10-K	2019-12-28	Filed 2020-02-20
10-Q	2019-09-28	Filed 2019-11-07
10-Q	2019-06-29	Filed 2019-08-08
10-Q	2019-03-30	Filed 2019-05-09
10-K	2018-12-29	Filed 2019-02-21
10-Q	2018-09-29	Filed 2018-11-08
10-Q	2018-06-30	Filed 2018-08-09
10-Q	2018-03-31	Filed 2018-05-11
10-K	2017-12-30	Filed 2018-02-22
10-Q	2017-09-30	Filed 2017-11-09
10-Q	2017-07-01	Filed 2017-08-10
10-Q	2017-04-01	Filed 2017-05-10
10-K	2016-12-31	Filed 2017-02-23
10-Q	2016-09-24	Filed 2016-11-04
10-Q	2016-06-25	Filed 2016-08-04
10-Q	2016-03-26	Filed 2016-05-05
10-K	2015-12-26	Filed 2016-02-23
10-Q	2015-09-26	Filed 2015-11-05
10-Q	2015-06-27	Filed 2015-08-05
10-Q	2015-03-28	Filed 2015-05-07
10-K	2015-02-18	Filed 2015-02-18
10-Q	2014-11-03	Filed 2014-11-03
10-Q	2014-08-04	Filed 2014-08-04
10-Q	2014-05-05	Filed 2014-05-05
10-K	2014-02-19	Filed 2014-02-19
10-Q	2013-09-28	Filed 2013-11-04
10-Q	2013-06-29	Filed 2013-08-05
10-Q	2013-03-30	Filed 2013-05-06
10-K	2012-12-29	Filed 2013-02-20
10-Q	2012-09-29	Filed 2012-11-05
10-Q	2012-06-30	Filed 2012-08-06
10-Q	2012-05-07	Filed 2012-05-07
10-K	2012-02-29	Filed 2012-02-29
10-Q	2011-11-03	Filed 2011-11-03
10-Q	2011-08-04	Filed 2011-08-04
10-Q	2011-05-03	Filed 2011-05-03
10-K	2011-02-23	Filed 2011-02-23
10-Q	2010-09-25	Filed 2010-11-02
10-Q	2010-06-26	Filed 2010-08-03
10-Q	2010-03-27	Filed 2010-05-04
10-K	2009-12-26	Filed 2010-02-24

Reports

8-K	2020-05-08	Shareholder Vote
8-K	2020-05-07	Other Events, Exhibits
8-K	2020-04-23	Enter Agreement, Earnings, Off-BS Arrangement, Exhibits
8-K	2020-04-07	Earnings, Regulation FD, Exhibits
8-K	2020-03-20	Amend Bylaw, Exhibits
8-K	2020-03-18	Enter Agreement, Off-BS Arrangement, Exhibits
8-K	2020-02-13	Enter Agreement, Exhibits
8-K	2020-02-06	Other Events, Exhibits
8-K	2020-01-30	Earnings, Exhibits
8-K	2020-01-13	Officers, Exhibits
8-K	2019-12-20	Officers, Exhibits
8-K	2019-12-06	Officers, Other Events, Exhibits
8-K	2019-11-12	Officers, Exhibits
8-K	2019-11-07	Other Events, Exhibits
8-K	2019-10-24	Earnings, Exhibits
8-K	2019-09-06	Officers, Exhibits
8-K	2019-08-23	Officers, Exhibits
8-K	2019-08-08	Other Events, Exhibits
8-K	2019-07-25	Earnings, Exhibits
8-K	2019-05-31	Enter Agreement, Exhibits
8-K	2019-05-10	Shareholder Vote
8-K	2019-05-09	Other Events, Exhibits
8-K	2019-04-25	Earnings, Exhibits
8-K	2019-03-01	Officers, Exhibits
8-K	2019-02-07	Officers, Other Events
8-K	2019-02-06	Other Events, Exhibits
8-K	2019-01-31	Earnings, Exhibits
8-K	2018-11-14	Enter Agreement, Exhibits
8-K	2018-11-08	Other Events, Exhibits
8-K	2018-10-25	Earnings, Exhibits
8-K	2018-08-13	Officers, Regulation FD, Exhibits
8-K	2018-08-09	Other Events, Exhibits
8-K	2018-07-26	Earnings, Exhibits
8-K	2018-05-14	Shareholder Vote
8-K	2018-05-10	Other Events
8-K	2018-05-10	Other Events, Exhibits
8-K	2018-04-26	Earnings, Exhibits
8-K	2018-02-16	Enter Agreement, Off-BS Arrangement
8-K	2018-02-14	Regulation FD, Exhibits
8-K	2018-02-08	Other Events, Exhibits
8-K	2018-01-31	Earnings, Exhibits

Tractor Supply Financials

TSCO Metrics, Comps, Filings

Quarterly | Annual

Business

Tractor Supply Company (the "Company" or "we" or "our" or "us") is the largest rural lifestyle retailer in the United States ("U.S."). The Company is focused on supplying the needs of recreational farmers and ranchers and all others who enjoy the rural lifestyle (which we refer to as the "Out Here" lifestyle), as well as tradesmen and small businesses. We operate retail stores under the names Tractor Supply Company, Del's Feed & Farm Supply, and Petsense and operate websites under the names TractorSupply.com and Petsense.com. Our stores are located primarily in towns outlying major metropolitan markets and in rural communities.

The Company has one reportable industry segment which is the retail sale of products that support the rural lifestyle. At December 29, 2018, we operated 1,940 retail stores in 49 states (1,765 Tractor Supply and Del's retail stores and 175 Petsense retail stores). Our Tractor Supply stores typically range in size from 15,000 to 20,000 square feet of inside selling space, along with additional outside selling space, and our Petsense stores have approximately 5,500 square feet of inside selling space. For Tractor Supply retail locations, we use a standard design for most new built-to-suit locations that includes approximately 15,500 square feet of inside selling space. Our online selling websites are positioned to offer an extended assortment of products beyond those offered in-store and drive traffic into our stores through our buy online and pickup in-store and ship to store programs.

We believe our sales and earnings growth is the result of executing our business strategy, which includes the following key components:

Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin


Comps ($MM TTM)	Market Cap	Gross Margin	EV/EBITDA	Ret on Assets	Assets	Liabilities	Revenue	G Profit	Net Income	EBITDA	EV
Home Depot (HD)	252,846	34%	16.2	21%	52,309	53,391	110,934	37,863	11,105	17,068	277,250
Lowe's (LOW)	85,770	32%	17.5	9%	39,764	37,306	56,121	17,961	3,771	5,806	101,611
Sherwin-Williams (SHW)	50,971	44%	23.9	7%	20,864	16,841	17,851	7,825	1,394	2,480	59,254
Fastenal (FAST)	18,374	47%	16.3	20%	3,814	1,228	5,288	2,505	781	1,142	18,628
Norwegian Cruise Line (NCLH)	11,074	0%	12.0	6%	15,939	9,665	6,385	0	964	1,429	17,084
Tractor Supply (TSCO)	10,985	35%	15.8	8%	5,429	3,937	6,160	2,130	418	699	11,053
Camden Property Trust (CPT)	10,934	0%	27.7	3%	6,649	2,991	249	0	167	479	13,248
Floor & Decor Holdings (FND)	5,385	41%	28.9	6%	2,157	1,434	1,996	814	133	188	5,447
Builders FirstSource (BLDR)	2,423	27%	10.5	7%	3,298	2,519	7,333	1,993	232	359	3,757
Beacon Roofing Supply (BECN)	2,289	24%	11.1	-0%	6,393	4,131	7,105	1,737	-11	441	4,875
BMC Stock Holdings (BMCH)	1,774	26%	9.0	6%	1,880	923	3,596	946	118	218	1,951
Boise Cascade (BCC)	1,263	0%	8.3	4%	1,786	1,054	4,607	0	66	168	1,397
GMS (GMS)	1,222	33%	7.6	3%	2,281	1,585	3,213	1,049	76	301	2,300
Foundation Building Materials (FBM)	667	30%	9.3	2%	1,447	1,051	2,156	652	31	131	1,215
Lumber Liquidators (LL)	278	36%	-5.5	-11%	573	430	1,088	388	-64	-50	272
Aspen Aerogels (ASPN)	151	16%	-7.4	-28%	100	41	129	21	-28	-20	149
Huttig Building Products (HBP)	59	20%	24.1	-4%	333	282	828	164	-12	9	208
Jewett Cameron Trading (JCTCF)	36	31%	14.8	10%	22	2	34	10	2	2	33
SG Blocks (SGBX)	3	24%	-0.9	-34%	8	2	3	1	-3	-3	3


Balance Sheet ($MM)	2010-06-26	2010-09-25	2011-02-23	2011-05-03	2011-08-04	2011-11-03	2012-02-29	2012-05-07	2012-06-30	2012-09-29	2012-12-29	2013-03-30	2013-06-29	2013-09-28	2014-02-19	2014-05-05	2014-08-04	2014-11-03	2015-02-18	2015-03-28	2015-06-27	2015-09-26	2015-12-26	2016-03-26	2016-06-25	2016-09-24	2016-12-31	2017-04-01	2017-07-01	2017-09-30	2017-12-30	2018-03-31	2018-06-30	2018-09-29	2018-12-29	2019-03-30	2019-06-29	2019-09-28
Cash	181	171	257	140	186	97	177	127	179	70	139	57	56	46	143	48	56	48	51	57	56	51	64	75	151	56	54	73	68	70	109	132	70	71	86	102	104	83
Accounts Receivable
Inventory	702	759	737	941	875	914	831	1,032	947	1,020	908	1,143	1,083	1,142	979	1,225	1,155	1,296	1,115	1,371	1,293	1,415	1,284	1,471	1,366	1,490	1,370	1,658	1,468	1,592	1,453	1,760	1,632	1,737	1,590	1,881	1,733	1,813
PP&E	373	385	783	414	853	889	936	965	998	1,037	1,069	1,124	1,175	1,221	1,269	1,310	1,351	1,382	1,417	1,475	1,524	1,583	1,644	1,684	1,763	1,817	1,874	1,907	1,971	2,022	2,094	2,138	2,209	2,281	2,338	1,121	1,135	1,143
Assets	1,363	1,428	1,463	1,577	1,583	1,548	1,595	1,744	1,722	1,716	1,707	1,881	1,846	1,919	1,903	2,056	2,026	2,189	2,035	2,322	2,271	2,441	2,371	2,565	2,579	2,636	2,675	2,976	2,816	2,928	2,869	3,208	3,067	3,221	3,085	5,437	5,313	5,429
Accounts Payable	290	349	247	406	352	340	266	424	315	362	320	476	361	404	316	478	390	483	371	586	453	527	427	583	430	484	520	564	511	610	577	733	650	684	620	785	682	680
Long-Term Debt																								239	186	284	264	599	434	150	150	150	150	150	150	150	150	150
Liabilities	547	582	530	665	642	611	587	688	655	662	682	851	703	735	656	852	760	958	741	1,007	888	1,103	978	1,212	1,077	1,171	1,222	1,597	1,433	1,557	1,450	1,895	1,661	1,726	1,523	3,952	3,768	3,937
Stockholders' Equity	816	846	933	912	941	937	1,008	1,055	1,067	1,054	1,025	1,030	1,144	1,185	1,247	1,205	1,266	1,230	1,294	1,315	1,383	1,337	1,393	1,353	1,502	1,465	1,453	1,379	1,383	1,371	1,419	1,313	1,406	1,495	1,562	1,486	1,545	1,492


Income Statement ($MM)	2010-06-26	2010-09-25	2011-02-23	2011-05-03	2011-08-04	2011-11-03	2012-02-29	2012-05-07	2012-06-30	2012-09-29	2012-12-29	2013-03-30	2013-06-29	2013-09-28	2014-02-19	2014-05-05	2014-08-04	2014-11-03	2015-02-18	2015-03-28	2015-06-27	2015-09-26	2015-12-26	2016-03-26	2016-06-25	2016-09-24	2016-12-31	2017-04-01	2017-07-01	2017-09-30	2017-12-30	2018-03-31	2018-06-30	2018-09-29	2018-12-29	2019-03-30	2019-06-29	2019-09-28
Revenue	1,066	829	1,033	837	1,178	978	1,240	1,020	1,292	1,066	1,286	1,086	1,456	1,208	1,415	1,184	1,584	1,360	1,584	1,331	1,773	1,476	1,647	1,468	1,853	1,543	1,917	1,564	2,018	1,722	1,953	1,683	2,213	1,882		1,822	2,354	1,984
Cost of Revenue	707	550	696	563	776	650	837	688	835	708	862	734	950	792	935	787	1,033	896	1,045	887	1,148	963	1,086	973	1,203	1,007	1,270	1,046	1,313	1,121	1,284	1,119	1,444	1,228		1,207	1,533	1,290
Gross Profit	359	279	337	274	402	328	403	333	457	357	425	352	506	416	480	396	551	464	540	445	625	512	561	494	649	535	646	518	705	600	669	564	769	653		615	821	694
R&D
SG&A	219	211	240	227	239	240	268	247	266	257	277	261	284	288	306	290	314	313	332	321	350	343	355	353	366	358	412	382	406	410	442	426	452	455		466	484	483
Tax	46	68	6	10	53	67	22	23	63	73	33	42	74	90	39	29	77	45	65	34	91	51	61	39	91	51	69	33	94	53	70	19	61	78		22	63	35
Net Income	76	32	50	18	91	43	71	40	107	50	79	44	124	65	96	49	133	77	112	58	153	87	112	68	156	89	124	60	161	92	110	71	207	117		77	219	122


Cash Flow ($MM)	2010-06-26	2010-09-25	2011-02-23	2011-05-03	2011-08-04	2011-11-03	2012-02-29	2012-05-07	2012-06-30	2012-09-29	2012-12-29	2013-03-30	2013-06-29	2013-09-28	2014-02-19	2014-05-05	2014-08-04	2014-11-03	2015-02-18	2015-03-28	2015-06-27	2015-09-26	2015-12-26	2016-03-26	2016-06-25	2016-09-24	2016-12-31	2017-04-01	2017-07-01	2017-09-30	2017-12-30	2018-03-31	2018-06-30	2018-09-29	2018-12-29	2019-03-30	2019-06-29	2019-09-28
Cash Operating		24	128	-45	162	-6	143	-20	172	4	222	-95	158	36	235	-38	205	1	242	36	197	10	186	63	205	6	365	-142	369	113	290	-22	296	79		-13	362	65
Cash Investing		-30	-29	-29	-51	-33	-59	-32	-21	-45	-42	-49	-41	-58	-61	-42	-40	-43	-35	-49	-48	-66	-73	-37	-64	-66	-202	-35	-51	-55	-97	-45	-71	-75		-28	-55	-59
Cash Financing		-4	-12	-43	-66	-50	-4	2	-99	-68	-112	63	-119	13	-77	-15	-156	34	-203	18	-150	51	-100	-15	-65	-36	-164	195	-323	-56	-155	90	-287	-3		57	-306	-28