Tractor Supply Company (TSCO) 2006年年度报告「NASDAQ」.pdf

1、PerformanceFocus Growth2006 Annual Report0573.r2.indd 10573.r2.indd 13/27/07 3:24:23 PM3/27/07 3:24:23 PMTractor Supply Company is the largest operator of retail farm and ranch stores in the United States.Our focus is on supplying the lifestyle needs of recreational farmers and ranchers and serving

2、the maintenance needs of those who enjoy the rural lifestyle,as well as tradesmen and small businesses.Our stores are located in towns outlying major metropolitan markets and in rural communities.This niche uniquely positions us to offer a wide,yet very select,assortment of products:2006 2005 2004Ne

3、t sales$2,369.6$2,068.0$1,738.9Income before income taxes$145.3$134.8$100.1Net income$91.0$85.7$64.1Net income per share(basic)$2.27$2.19$1.68Net income per share(diluted)$2.22$2.09$1.57Number of stores 676 595 515Operating Results($in millions,except per share data)Financial Financial HighlightsHig

4、hlightsEquine,pet and animal products,including itemsnecessary for their health,growth,care and containmentMaintenance products for agricultural and rural useHardware and tool productsSeasonal productsTruck,trailer and towing productsWork/recreational clothing and footwear for the entire familyNet S

5、ales(in billions)Net Income Per Share(diluted)Number of Stores?$1.2$1.5$2.1$2.4$1.7$0.97$2.22$2.09$1.57$1.384334635155956760573.r2.indd 20573.r2.indd 23/27/07 3:24:47 PM3/27/07 3:24:47 PMTo Our Shareholders:2006 marked another year of solid performance and profi table growth for Tractor Supply Compa

6、ny.We maintained our focus on positioning the Company for long-term growth by continuing to invest in our people and our stores.At the same time,we achieved a double-digit sales increase,generated bottom-line improvements and successfully executed our new store opening plan.The year was certainly no