Tractor Supply increases sales by 16 per cent

Tractor Supply, the largest rural lifestyle retailer in the United States, increased its net sales for the third quarter 2021 by 15.8 per cent to USD 3.02 bn (EUR 2.60 bn). Comparable store sales increased 13.1 per cent, as compared to an increase of 26.8 per cent in the prior year's third quarter. According to the company, comparable store sales for the third quarter 2021 were driven by comparable average ticket growth and comparable average transaction count growth of 9.5 per cent and 3.6 per cent, respectively.
The comparable store sales results were broad-based and reflect robust demand for everyday merchandise, including consumable, usable and edible products, and continued growth in summer seasonal categories. All geographic regions and major merchandising categories had comparable store sales growth. In addition, the company's e-commerce sales experienced strong double-digit growth for the 37th consecutive quarter."The third quarter marks our sixth consecutive quarter of double-digit comparable store sales growth. We are once again very pleased with the overall performance of our business, which exceeded our expectations," said Hal Lawton, Tractor Supply's president and CEO.