Tractor Supply Poised for Growth Despite Challenging Markets
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Tractor Supply Company (TSCO) is positioned to benefit from a potential bull market given its growth prospects in the fragmented farm and garden supply retail industry.
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Tractor Supply saw pre-pandemic growth of 80+ new stores per year and plans to open 90+ annually starting in 2025 as it consolidates the market.
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Consumer interest in self-sufficiency and gardening is increasing, fueling steady revenue and profit growth for Tractor Supply even during challenging economic times.
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Much of Tractor Supply's management team has turned over recently, bringing fresh perspective that could reinvigorate growth.
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Even if markets sour, Tractor Supply's resilient business catering to home gardening should make it a defensive stock.