Are TSCO Stock Investors Happy, or Did They Get Burned?

Core Insights - Tractor Supply Co. has experienced a significant increase in revenue and store count over the years, growing from $1 billion in revenue in 2002 to a projected $14.9 billion in 2025, and expanding from 433 stores to 2,364 stores [1] - Despite the company's growth, its stock performance has been mixed, with a decline of 3.5% over the past year compared to a 13.3% increase in the S&P 500 [3] - In the medium term, Tractor Supply's stock has appreciated 20.4% over the last three years, but this is significantly lower than the S&P 500's return of 68% [4][5] - Over a five-year period, Tractor Supply's return of 102.9% outperforms the S&P 500's return of 86.1%, and when including dividends, the return increases to 114.7% [6] - Long-term performance shows that investors who bought shares in November 2010 have seen a 1,460% total return, significantly outperforming the S&P 500's 650% return over the same period [7][8] Summary by Timeframe One Year - Stock price decreased by 3.5% while the S&P 500 increased by 13.3% [3] Three Years - Stock appreciated by 20.4%, with a total return of 23.8% when including dividends [4] - Underperformed the S&P 500 by approximately 50 percentage points [5] Five Years - Total return of 102.9%, surpassing the S&P 500's 86.1% return [6] - Including dividends, the return is 114.7%, outperforming the S&P 500's dividend-adjusted returns by 106.2% [6] Ten Years - Returns lag behind the market on both absolute and total-return basis [7] Fifteen Years - Significant outperformance with a 1,460% total return compared to the S&P 500's 650% return [7][8]