Tractor Supply Company (TSCO) 2010年年度报告「NASDAQ」.pdf

1、2010 Annual ReportRUNNING ON ALL CYLINDERSPLANNING.EXECUTION.RESULTS.?Tractor Supply Company is the largest operator of retail farm and ranch stores in the United States.At December 25,2010,Tractor Supply Company operated 1,001 stores in 44 states and an e-commerce website at TractorS.We are a growt

2、h company,and our research indicates we have an opportunity to grow to 1,800 domestic Tractor Supply Company store locations.?Our focus is 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 tradesm

3、en and small businesses.Tractor Supply Company customers are home,land,and pet owners that are likely to have above average incomes with below average costs of living.?Our stores are located in towns outlying major metropolitan markets and in rural communities.Our store format has an average store s

4、ize of 16,600 square feet inside and 18,000 square feet of outside selling space.By opening 74 stores in 2010,we surpassed the 1,000 store milestone.We expect to open 80 to 85 stores in 2011 and continue to believe that we are well-positioned to reach our long-term target of 1,800 stores.Our six dis

5、tribution centers have serviced our existing store base very well and we recently broke ground on a new distribution center in Franklin,Kentucky to support our expanding footprint.When we open this facility in the fourth quarter of 2011,it will be our largest distribution center.?As we are serving a

6、 very specific niche,we offer a comprehensive,yet tailored,assortment of products:Equine,pet and small animal products,including items necessary for their health,care,growth and containment Hardware,truck,towing and tool products Seasonal products,including lawn and garden items,power equipment,gift