With more than 2,000 stores in 49 states and annual revenues of over $12 billion in 2021, Tractor Supply is a retailing success story. Therefore, this might make you wonder how exactly it has achieved this phenomenal growth, and if Tractor Supply is a franchise.
Quite a few people looking for investment opportunities have the same question, so we looked into it. Read on to see what we found!
Is Tractor Supply A Franchise In 2023?
Tractor Supply is not a franchise and all its stores are owned and operated by the same company in 2023. Tractor Supply is a publicly-traded company on the NASDAQ with the symbol TSCO. Tractor Supply also owns the Petsense and Del’s Farm and Feed stores. Furthermore, investors looking for opportunities can buy Tractor Supply stock.
To find out more about how Tractor Supply stores are operated, carry on reading. We have all the information you need to know!
Are Tractor Supply Stores Franchises?
Many major corporations achieve their growth through franchising, which licenses individual owners to operate their stores.
Tractor Supply is a major corporation and is listed on the Fortune 500. However, it did not achieve its success through the franchising model.
All Tractor Supply stores are owned and managed by the company itself.
Furthermore, there are a couple of reasons why chains like Tractor Supply prefer not to franchise.
For one thing, the sheer size of the store and the range of merchandise makes it a very costly investment for an individual owner.
Further, Tractor Supply operates its own stores in order to maintain consistency in quality and brand image.
What Company Owns Tractor Supply?
Tractor Supply is not owned by any other company. It was founded in 1938 as a mail-order retailer for tractor parts and opened its first store in 1939 in North Dakota.
Tractor Supply also owns and operates 177 Petsense stores in 23 states. It also owns Del’s Feed & Farm Supply stores.
Is Tractor Supply US Owned?
Tractor Supply is a US-owned company with its headquarters in Brentwood, Tennessee.
Is Tractor Supply Public Or Private?
Tractor Supply has been a publicly-traded company since 1994. Its symbol on the NASDAQ Global Select Market is TSCO.
Furthermore, Tractor Supply is owned by its shareholders, the majority of whom are institutional investors and holding companies.
Who Is Tractor Supply’s Biggest Competitor?
Tractor Supply sells a wide range of merchandise including supplies for farms and ranches, horses, livestock, poultry, pets, lawn and garden, home improvement, and more.
Its customers are mostly rural dwellers and pet owners, and specifically smaller farmers and ranchers.
This means that it has competitors from several fields, including hardware, pet care, home improvement, farm and fleet, feed and animal supply stores, and garden stores.
Some of Tractor Supply’s leading competitors are:
- Rural King
- Blaine’s Farm and Fleet
- Home Depot
Does Walmart Own Tractor Supply?
Even though many of the products sold by Walmart and Tractor Supply overlap, Walmart does not own Tractor Supply.
Therefore, there is no connection between the two companies.
Is Tractor Supply Owned By Rural King?
Tractor Supply and Rural King sell very similar products but the two companies are independent of each other. Rural King does not own Tractor Supply.
Rural King is one of Tractor Supply’s biggest competitors.
However, it is a much smaller company with around 133 stores, while Tractor Supply has more than 2,000 stores.
What Other Stores Offer Franchises?
Investors looking for an opportunity to share in Tractor Supply’s success may be disappointed that they can’t open a franchise store.
However, they can invest in Tractor Supply stocks.
Further, they can check out franchising opportunities with other companies that are similar to Tractor Supply, like Ace Hardware.
Tractor Supply does not franchise and all its stores are owned and operated by the company. Furthermore, it is a publicly-traded company on the NASDAQ Global Select Market with the symbol TSCO.
Therefore, investors interested in opportunities with Tractor Supply can invest in the company or find franchise offers with other similar companies.