Record Financial Performance
For the fiscal year 2024, Tractor Supply achieved record financial results with net sales of nearly $14.9 billion, growing 2.2% versus 2023. Diluted earnings per share were a record $2.04 on a split-adjusted basis.
Digital Sales Milestone
Tractor Supply's digital business reached another year of record sales, topping over $1.1 billion.
Strong Customer Engagement
Customer metrics hit all-time highs with record low frontline team member attrition, record high total active customer accounts, and high-value customer retention. Neighbor's Club membership exceeded 38 million, representing 80% of sales.
Expansion and Investment
In 2024, Tractor Supply opened 80 new Tractor Supply stores and 11 Petsense stores, funded by a record $1.4 billion in operating cash flow. Additionally, the company acquired Allivet, expanding its market reach.
Positive Outlook for 2025
Tractor Supply is forecasting strong net sales growth of 5% to 7% and comp sales performance of 1% to 3% for 2025, expecting moderation of headwinds and continued market share gains.