Tractor Supply unveils Life Out Here 2030 strategy with 5-for-1 stock split, raises store target to 3,200

TRACTOR SUPPLY CO /DE/

Raises long-term store target to 3,200 (+200 sites); total addressable market updated to $225B from $180B.
Long-term financial targets: net sales +6-8%, comps +3-5%, operating margin 10-10.5%, EPS +8-11% growth.
5-for-1 stock split; record date Dec 16, distribution after Dec 19 close, trading split-adjusted Dec 20.
In 2025, plans to open 90 new Tractor Supply stores and ~10 new Petsense by Tractor Supply stores.
Highlights progress: 22M Neighbor's Club members added, digital sales +340% since 2020, 550 garden centers completed.

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