Tractor Supply Co. reported better-than-expected first-quarter earnings and sales amid a “record” performance and raised its guidance for the year.
The nation’s largest rural lifestyle retailer expects approximately 80 new Tractor Supply and 10 new Petsense store openings in its current fiscal year. The company also plans 150 to 200 “project fusion” remodels of existing locations.
“Our Project Fusion remodel program is designed to drive space productivity, and to enhance the customer experience in our mature store base,” Tractor Supply president and CEO Hal Lawton explained on the company’s earnings call in December. “It is a combination of both changes in the store layout and imagery that creates a greater lifestyle impression, and drives space allocation for product assortment. Fusion stores help create a more welcoming destination and offer a compelling showcase for our brands.”
Source: Chain Storeage