![]() We've had tens of millions of new customers shop us, the past 3 years. Additionally, by all measures, we are gaining substantial share in our market. Our addressable market continues to benefit from numerous secular trends that we believe are structurally sound. And including new stores, our overall revenue growth on a 3-year basis has increased 65%. Our 3-year comp sales stack in the third quarter was approximately 46%, in line with the second quarter. And from my perspective, the highlight of this impressive track record continues to be the consistency of our results and the broad-based strength of our performance. ![]() ![]() With this quarter's results, we have now posted 10 consecutive quarters of exceptional sales growth. Two and a half years have passed since COVID emerged in the United States. We are committed to providing customers in the Midwest region with an expanded product assortment, a meaningful loyalty offering and enhanced digital shopping experience and so much more that Tractor Supply is able to offer. While agreeing to the remedy with the FTC took longer than we anticipated, the outcome is in line with our expectations. We're very pleased with the 81 high-quality locations that will be converted to Tractor Supply over the next 15 months. We welcome the Orscheln team to Tractor Supply. I'm thrilled to report that just over a week ago on October 12, we closed on the transaction to acquire Orscheln Farm and Home. The team's dedication at times like this helps make us the dependable supplier our customers can count on. Our store teams, our distribution centers and the store support center have done a tremendous job supporting our customers and communities during this tragic time. On behalf of Tractor Supply, I'd like to extend our deepest sympathies and support to our communities and team members impacted by Hurricane Ian. Thank you, Mary Winn, and thank you to everyone for joining us this morning. It's now my pleasure to turn the call over to Hal. If you have additional questions, please get back in the queue. Given the number of people who want to participate, we respectively ask that you limit yourself to 1 question. Tractor Supply undertakes no obligation to update any information discussed in the call. Investors should not assume that statements will remain operative at a later time. The information contained in this call is accurate only as of the date discussed. ![]() Important risk factors that could cause actual results to differ materially from those reflected in the forward-looking statements are included at the end of the press release issued today and in the company's filings with the Securities and Exchange Commission. Although the company believes the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct, and actual results may differ materially from expectations. In many cases, these risks and uncertainties are beyond our control. This call may contain certain forward-looking statements that are subject to significant risk and uncertainties, including the future operating and financial performance of the company. Now let me reference the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Please note that we've made a supplemental slide presentation available on our website to accompany today's earnings release. Seth Estep, our EVP and Chief Merchandising Officer will join us for the question-and-answer session. After our prepared remarks, we'll open up the call for your questions. On the call today are Hal Lawton, our CEO Kurt Barton, our CFO. Thanks for taking the time to join us today, and I hope everyone is doing well. Mary Winn Pilkington, Senior Vice President of Investor and Public Relations for Tractor Supply Company. I would now like to introduce your host for today's call, Mrs. And as a reminder, this call is being recorded. Please be advised that reproduction of this call in whole or in part is not permitted without written authorization of Tractor Supply Company. Good morning, ladies and gentlemen, and welcome to Tractor Supply Company's Conference Call to discuss Third Quarter 2022 results. Seth Estep - Executive Vice President and Chief Merchandising OfficerĬhuck Grom - Gordon Haskett Research Advisors Mary Winn Pilkington - Senior Vice President, Investor and Public Relations Tractor Supply Company ( NASDAQ: TSCO) Q3 2022 Results Conference Call Octo10:00 AM ET
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