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Posted by
Two Blokes Jul 29 -
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Stock
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Tractor Supply's resilience stems from its niche dominance, recurring revenue from consumables, and strong customer loyalty in rural America. Q2 results exceeded expectations with 4.5% sales growth, driven by consumables and new store openings, despite softness in discretionary categories. Valuation is rich at a forward P/E of 28.2, but reflects the company's steady growth, customer loyalty, and robust free cash flow generation.
