Acquisition of Alivet
Tractor Supply Company announced a definitive agreement to acquire Alivet, a leading online pet pharmacy, expanding its total addressable market by about $15 billion.
Strong Loyalty Program Performance
Neighbor's Club membership reached a record of over 37 million, with retention rates remaining high and comp sales outpacing overall sales growth.
Strong Digital Sales Growth
Tractor Supply reported double-digit growth in digital sales, supported by substantial improvements in search and checkout processes.
Expansion of Store Formats
The company achieved significant milestones in its Life Out Here strategy, with 45% of the chain in the Project Fusion layout and more than 550 garden centers, driving growth.
Big Ticket Sales Strength
Continued strong positive comps in big ticket items, notably in 0-turn and front-agent riding lawn mowers as well as recreational vehicles.