Tractor Supply Company (TSCO) 2011年年度报告「NASDAQ」.pdf

1、2011 Annual ReportABOUT TRACTOR SUPPLY COMPANY Tractor Supply is the largest operator of retail farm and ranch stores in the United States.At December 31,2011,the Company operated 1,085 stores in 44 states and an e-commerce website at TractorS.We are a growth company,and our research indicates we ha

2、ve an opportunity to grow to 2,100 domestic Tractor Supply store locations.OUR FOCUS Tractor Supply is focused on supplying the lifestyle needs of recreational farmers and ranchers and serving the maintenance needs of those who enjoy the rural lifestyle as well as tradesmen and small businesses.Trac

3、tor Supply customers are home,land,and pet owners that are likely to have above average incomes with below average costs of living.OUR STORES Our stores are located in towns outlying major metropolitan markets and in rural communi-ties.Our store format has an average of 16,600 square feet inside and

4、 18,000 square feet of outside selling space.We expect to open 90 to 95 stores in 2012 and we believe that we are well-positioned to reach our long-term target of 2,100 stores.OUR MERCHANDISE As we are serving a very specific niche,we offer a comprehensive,yet tailored,assortment of products:Equine,

5、petandsmallanimalproducts,includingitemsnecessaryfortheirhealth,care,growth and containmentHardware,truck,towingandtoolproductsSeasonalproducts,includinglawnandgardenitems,powerequipment,giftsandtoysMaintenanceproductsforagriculturalandruraluseWork/recreationalclothingandfootwearCompounded annual gr

6、owth rates of 12.1%for sales and 27.3%for earnings over the past three yearsJames F.Wright Chairman of the Board and Chief Executive OfficerGregory A.Sandfort President and Chief Operating OfficerAnthony F.Crudele Executive Vice President,Chief Financial Officer and TreasurerKimberly D.Vella Senior