FINANCE

Tractor Supply Co. posts strong Q1; on track to open 100+ stores this year

BY Katherine Boccaccio

Brentwood, Tenn. — Tractor Supply Co. reported an 11% rise in profit for the quarter ended March 29, to $48.8 million from $44 million last year.

Revenue rose 9% to $1.18 billion, and same-store sales increased 2.2% versus a 0.5% increase in the prior year period.

For the full year, the company said it expects capital expenditures to range between $240 million and $250 million, including spending to support 102 to 106 new store openings and construction of the new Store Support Center to open in 2014.

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REAL ESTATE

Leslie’s Poolmart opening 20 stores this week

BY Katherine Boccaccio

Phoenix — Leslie’s Poolmart, Inc. said it will grand-open 20 retail locations throughout the U.S. on April 25; stores will open in Alabama, Illinois, Indiana, Louisiana, Maryland, Missouri, Mississippi, North Carolina, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia.

In total, Leslie’s plans to open 45 new stores this year, between April and May of 2014.

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OPERATIONS

CVS donates drug collection units to police departments nationwide

BY Katherine Boccaccio

Woonsocket, R.I. — CVS/pharmacy announced that it is teaming with The Partnership at Drugfree.org to create a community donation program that presents drug collection units to police departments across the country.

Through the Medication Disposal for Safer Communities program, local police departments can apply to receive a drug collection unit to help their communities safely dispose of unwanted medications, including controlled substances.

Up to 1,000 receptacles will be awarded to police departments through an application process that will launch on May 1 at cvs.com/safercommunities. CVS/pharmacy and The Partnership at Drugfree.org will obtain the drug collection units from MedReturn.

"As part of our on-going commitment to combat prescription drug abuse, we have participated in events for many years with law enforcement to help safely dispose of expired, unused or unwanted medication," said Josh Flum, senior VP of Retail Pharmacy at CVS Caremark. "Through this donation program, CVS/pharmacy and The Partnership at Drugfree.org will now provide our communities with a permanent drug disposal solution at their local police departments."

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