Tuesday, April 16, 2024
Homemad moneyMillennials are leading a rural revitalization, Tractor Supply CEO says

Millennials are leading a rural revitalization, Tractor Supply CEO says

  • Millennials departing major cities to adopt suburban and rural lifestyles have emerged as a key customer base for farming supplies retailer Tractor Supply, CEO Hal Lawton said.
  • "We've been gaining market share with our core customer, but also with the new customer: the millennial customer," Lawton told CNBC's Jim Cramer.
  • "We saw a 4 point sales penetration change last quarter with the millennial cohort," Lawton said in a "Mad Money" interview.

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