Sign in

    Zach Fadem

    Managing Director and Senior Equity Analyst at Wells Fargo

    Zachary Fadem is a Managing Director and Senior Equity Analyst at Wells Fargo, specializing in coverage of retail hardlines, broadlines, and restaurants. He actively covers major companies such as Home Depot, Floor & Decor, Texas Roadhouse, Advance Auto Parts, and Carvana, with a track record that includes a 62% success rate and an average return of 10.8% per rating as measured since 2017. Fadem joined Wells Fargo in 2013, progressing from Equity Research Associate to Managing Director by 2023, and previously held equity research roles at Barclays as well as consulting positions at FTI Consulting. He holds a B.B.A. from the Isenberg School of Management at UMass Amherst and maintains professional credentials that include FINRA registration and securities licenses.

    Zach Fadem's questions to TRACTOR SUPPLY CO /DE/ (TSCO) leadership

    Zach Fadem's questions to TRACTOR SUPPLY CO /DE/ (TSCO) leadership • Q1 2025

    Question

    Zach Fadem asked about the financial benefit from sale-leasebacks in Q1 and for an update on new store productivity.

    Answer

    CFO Kurt Barton reported a $17 million sale-leaseback gain in Q1. He stated that new store productivity remains strong at 62% on a rolling 12-month basis, which is near the company's historical target, and noted that new stores face the same macro headwinds as comparable stores. He also confirmed the Allivet acquisition is contributing as expected.

    Ask Fintool Equity Research AI