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Tractor Supply's Frankfort Distribution Center to Aid Sales
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Tractor Supply Company (TSCO - Free Report) is persistently focusing on growth initiatives, which include expansion of stores and distribution center as well as incorporation of technological advancements. To this end, the company recently announced the official opening of its largest distribution center in Frankfort, NY. This new 925,000 square-feet facility presently serves more than 140 flagship stores and is expected to serve more than 200 stores in the Northeast region in the first year of operation.
Notably, the distribution center, which broke ground in August 2017, is built with energy-efficient design and heating systems, water saving plumbing and irrigation systems, recycled and regionally sourced building materials, and LED lighting to meet high environmental standards.
Tractor Supply has been seeking LEED Silver certification by the U.S. Green Building Council. If it gets the certification, the Frankfort center will become its third facility to achieve LEED Silver certification, following the Store Support Center in Brentwood, TN, and the distribution center in Casa Grande, AZ.
Encouragingly, this new distribution center will help the company to increase store count beside enhancing the digital fulfillment strategy and improving customer services with quick and efficient delivery. The distribution facility will also create jobs, thereby serving and reinforcing the respective community. Evidently, the Frankfort facility already has created more than 280 local jobs, and is likely to create more than 350 full-time jobs in five years. We expect this facility to drive the company’s top line and overall profitability.
Meanwhile, Tractor Supply’s sales and comparable store sales have been considerably gaining from the addition of stores in every quarter. The company is well positioned to increase store base, remaining on track to grow domestic store count to 2,500 in the long term.
In 2018, Tractor Supply opened 80 namesake and 18 Petsense stores. However, it closed 11 Petsense stores throughout the year. In 2019, management plans to open about 80 namesake and 10-15 Petsense stores.
Additionally, Tractor Supply is focused on integrating its physical and digital operations to offer a seamless shopping experience to consumers. It remains on track with the “ONETractor” initiative, aimed at connecting store and online shopping. The company is reaping significant benefits from the Buy Online Pick Up in Store program. It also continues to expand the Neighbor’s Club loyalty program, surpassing targeted membership growth goals in 2018. Management expects these strategies to play a major role in boosting the top line. Notably, in fourth-quarter 2018, the company reported robust double-digit e-commerce sales growth for the 26th straight quarter.
All these growth endeavors are well reflected in the company’s price performance. This Zacks Rank #3 (Hold) stock has surged 41.6% in a year, outperforming the industry’s 18.7% rally.
Stitch Fix, Inc. (SFIX - Free Report) is also a Zacks Rank #1 stock. It has an impressive long-term earnings growth rate of 22.5%.
MarineMax, Inc. (HZO - Free Report) pulled off average positive earnings surprise of 53.4% in the trailing four quarters. The company currently carries a Zacks Rank #2 (Buy).
Is Your Investment Advisor Fumbling Your Financial Future?
See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”
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Tractor Supply's Frankfort Distribution Center to Aid Sales
Tractor Supply Company (TSCO - Free Report) is persistently focusing on growth initiatives, which include expansion of stores and distribution center as well as incorporation of technological advancements. To this end, the company recently announced the official opening of its largest distribution center in Frankfort, NY. This new 925,000 square-feet facility presently serves more than 140 flagship stores and is expected to serve more than 200 stores in the Northeast region in the first year of operation.
Notably, the distribution center, which broke ground in August 2017, is built with energy-efficient design and heating systems, water saving plumbing and irrigation systems, recycled and regionally sourced building materials, and LED lighting to meet high environmental standards.
Tractor Supply has been seeking LEED Silver certification by the U.S. Green Building Council. If it gets the certification, the Frankfort center will become its third facility to achieve LEED Silver certification, following the Store Support Center in Brentwood, TN, and the distribution center in Casa Grande, AZ.
Encouragingly, this new distribution center will help the company to increase store count beside enhancing the digital fulfillment strategy and improving customer services with quick and efficient delivery. The distribution facility will also create jobs, thereby serving and reinforcing the respective community. Evidently, the Frankfort facility already has created more than 280 local jobs, and is likely to create more than 350 full-time jobs in five years. We expect this facility to drive the company’s top line and overall profitability.
Meanwhile, Tractor Supply’s sales and comparable store sales have been considerably gaining from the addition of stores in every quarter. The company is well positioned to increase store base, remaining on track to grow domestic store count to 2,500 in the long term.
In 2018, Tractor Supply opened 80 namesake and 18 Petsense stores. However, it closed 11 Petsense stores throughout the year. In 2019, management plans to open about 80 namesake and 10-15 Petsense stores.
Additionally, Tractor Supply is focused on integrating its physical and digital operations to offer a seamless shopping experience to consumers. It remains on track with the “ONETractor” initiative, aimed at connecting store and online shopping. The company is reaping significant benefits from the Buy Online Pick Up in Store program. It also continues to expand the Neighbor’s Club loyalty program, surpassing targeted membership growth goals in 2018. Management expects these strategies to play a major role in boosting the top line. Notably, in fourth-quarter 2018, the company reported robust double-digit e-commerce sales growth for the 26th straight quarter.
All these growth endeavors are well reflected in the company’s price performance. This Zacks Rank #3 (Hold) stock has surged 41.6% in a year, outperforming the industry’s 18.7% rally.
3 Better-Ranked Stocks in the Retail Space
Abercrombie & Fitch Co. (ANF - Free Report) outpaced earnings estimates in each of the last four quarters, the average being 88.3%. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Stitch Fix, Inc. (SFIX - Free Report) is also a Zacks Rank #1 stock. It has an impressive long-term earnings growth rate of 22.5%.
MarineMax, Inc. (HZO - Free Report) pulled off average positive earnings surprise of 53.4% in the trailing four quarters. The company currently carries a Zacks Rank #2 (Buy).
Is Your Investment Advisor Fumbling Your Financial Future?
See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”
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