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☆ Corporate earnings solid so far, despite threats from a slowing economy and sticky inflation
▼ + stars: | 2024-04-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Valuations coming down So if earnings are up, why is the S & P off its highs? Today, a month later, 2024 earnings estimates are essentially the same but the multiple has declined to 20.8. The S & P 500 hit a low of 4,117 on Oct. 27 and only recovered when rates came down in early November. There are some big drags on earnings Some companies are seeing large declines in earnings estimates that are weighing on their sectors. When including this one-time item, the S & P 500 earnings growth rate for the first quarter declines to 5.6%, from 8.7%, LSEG has noted.

Persons: Goldman Sachs, JPMorgan Chase, Morgan Stanley, Christopher Suh, Stephen Squeri, Hess, Nick Raich, LSEG, Hal Lawton, Brian Niccol, CNBC's Kate Rogers, Horton, Paul Romanowski, Kimberly, Clark, Michael Hsu Organizations: Companies, Netflix, JPMorgan, GE Aerospace, Caterpillar, Microsoft, Merck, Ford, Waste Management, Royal, Consumer, American Express, Energy, Marathon Petroleum, Apache, Valero Energy, Oil, Occidental Petroleum, Devon Energy, ConocoPhillips, Exxon Mobil, Scout, Bristol Myers Squibb, Karuna Therapeutics, Boeing, Nvidia, Meta, AMD Locations: financials, industrials, Royal Caribbean, North America

☆ Tractor Supply CEO says there's still 'significant migration' out of urban areas
▼ + stars: | 2024-04-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Tractor Supply CEO Hal Lawton told CNBC's Jim Cramer on Thursday that a substantial number of Americans are moving out of cities, and many are headed to rural areas. "They've continued, albeit to a lesser absolute number, but net we're still seeing significant migration out of urban America, and most of that migration, or a lot of it, is going into rural America," Lawton said. Tractor Supply is a retail chain that sells equipment for home improvement, such as supplies for gardening and farming. Lawton told Cramer that the company has been dealing with business headwinds, with consumer spending trends swinging from goods to services. But he expressed optimism for the future, saying Tractor Supply can "begin to see light at the end of the tunnel now against those headwinds."

Persons: Hal Lawton, CNBC's Jim Cramer, Lawton, They've, Cramer Organizations: Tractor, Neighbor's Locations: America

☆ Tractor Supply CEO Hal Lawton goes one-on-one with Jim Cramer
▼ + stars: | 2024-04-25 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTractor Supply CEO Hal Lawton goes one-on-one with Jim CramerTractor Supply President and CEO Hal Lawton joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, and more.

Persons: Hal Lawton, Jim Cramer Organizations: Tractor, Jim Cramer Tractor Supply

☆ Rural America is alive and well, and growing, says Tractor Supply CEO Hal Lawton
▼ + stars: | 2024-04-25 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRural America is alive and well, and growing, says Tractor Supply CEO Hal LawtonTractor Supply President and CEO Hal Lawton joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, and more.

Persons: Hal Lawton, Jim Cramer Organizations: Email Rural, Tractor, Hal Lawton Tractor

☆ This winter was weirdly warm — and rough for retailers
▼ + stars: | 2024-03-13 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

The US just experienced the warmest "meteorological winter" on record, NOAA said last week. It also led to unpredictable consumer demand, causing headaches for retailers and other businesses. For Dick's, warmer weather means that sales skew toward lightweight fleeces rather than pricier down parkas, she said. A retailer in South Dakota surveyed by the Federal Reserve said that even though the warmer weather led to higher foot traffic, sales of winter gear and equipment fell. AdvertisementFrom major complications to minor inconveniences, it's looking like this winter could be a preview of what's to come thanks to the climate crisis.

Persons: Lauren Hobart, Hobart's, didn't, Hal Lawton, Lawton isn't, Raymond James, Lowe's, Marvin Ellison, Bill Boltz, Wisconsin's Organizations: NOAA, Service, National Oceanographic, Atmospheric Administration, Sporting, Tractor, Co, Raymond, Raymond James Institutional Investors, Federal Reserve, Climate Central Locations: NOAA's, East, Midwest, South Dakota

NEW YORK (AP) — N. Scott Momaday, a Pulitzer Prize-winning storyteller, poet, educator and folklorist whose debut novel "House Made of Dawn" is widely credited as the starting point for contemporary Native American literature, has died. “His Kiowa heritage was deeply meaningful to him and he devoted much of his life to celebrating and preserving Native American culture, especially the oral tradition." Like Joseph Heller’s “Catch-22,” Momaday’s novel was a World War II story that resonated with a generation protesting the Vietnam War. Addressing a gathering of American Indian scholars in 1970, Momaday said, “Our very existence consists in our imagination of ourselves.” He championed Natives' reverence for nature, writing that "the American Indian has a unique investment in the American landscape." Audio guides to tours of the Smithsonian Institution's Museum of the American Indian featured Momaday's avuncular baritone.

Persons: Scott Momaday, Momaday, “ Scott, ”, Jennifer Civiletto, “, Kiowa, John Joseph Mathews, Marshall Sprague, Scott Momaday's, Joseph Heller’s “, Leslie Marmon Silko, James Welch, Louise Erdrich, Joy Harjo, Robert Redford, Jeff Bridges, George W, Bush, Regina Heitzer, Cael, Navarre Scott Mammedaty, Momaday's, Fran McCullough, Billy the Kid, ” Redford, Scott, “ I’m, ” Momaday, Russell Contreras Organizations: HarperCollins, PBS, American Indians, New York Times, Stanford, Princeton, NPR, of, Academy of American Poets, Kiowa Nation, Smithsonian Institution's Museum, Indian, University of Mexico, Associated Press Locations: Santa Fe , New Mexico, New Mexico, Jemez Pueblo, Vietnam, American, Columbia, Dayton, Lawton , Oklahoma, Arizona , New Mexico, North Dakota, Wyoming

☆ Costco, Lowe's, Best Buy, and Tractor Supply are winning the battle against retail theft in a strikingly similar way
▼ + stars: | 2023-09-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Retail executives generally agree that retail theft is worse than they've ever seen. Even so, leaders from Costco, Lowe's, Best Buy, and Tractor Supply have said their businesses aren't so affected. The companies have five striking similarities that are helping them win the war on retail theft. "Organized retail crime is worse now than I've ever seen it," Tractor Supply CEO Hal Lawton told Insider in August. Meanwhile, a typical Tractor Supply location may have as many as eight people working in a relatively small, 20,000 square-foot store.

Persons: Hal Lawton, I've, Marvin Ellison, Corie Barry, Richard Galanti, We've, Lawton, Dominick Reuter, John Tlumacki, Ben Tobin, they're, Paul Hennessy, Lowe's, Mario Tama, Barrie, Ellison Organizations: Costco, Lowe's, Tractor Supply, Service, Goldman Sachs, Conference, Supply, Massachusetts Costco, Boston Globe, Getty, Electronics, Retailers, Tractor Locations: Wall, Silicon, Massachusetts, Costco, Orlando

“This one hurts and it’s going to hurt for a while,” Virginia coach Tony Elliott said. That left a sizeable James Madison following that assisted on the two 80-yard drives that won it. Colandrea brought them back two plays later with a mid-range pass to Malik Washington, who juked defenders and changed directions on a 63-yard pass play that made it 14-7. THE TAKEAWAYJames Madison: The Dukes may have gotten a bad deal on an apparent fumble by Pace on the Cavaliers' fifth scoring drive. So I anticipate that by the time we get ready to roll out next week, he should be back, ready to go.”UP NEXTThe Dukes play at Troy next Saturday.

Persons: James Madison, Jordan McCloud, Tony Elliott, “ We’ve, ”, Anthony Colandrea, Mike Hollins, Elliott, “, ” Dukes, Curt Cignetti, Pace, Dukes, Ty Son Lawton, JMU, Virginia, Perris Jones, Jalen Green, Daniel Sparks, Aiden Fisher, D'Angelo Ponds, Colandrea, Malik Washington, Hollins, Tony Muskett, Muskett, Tony Organizations: Dukes, Virginia, Cavaliers, Clemson, Kobe Pace, Hollins, Pace, ”, Troy, Maryland, AP Locations: CHARLOTTESVILLE, Va, Virginia, Tennessee, Colandrea

☆ How Tractor Supply managed to shrink theft rates when they're surging almost everywhere else
▼ + stars: | 2023-09-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Tractor Supply Co.'s CEO says retail crime is a major problem, but his company is bucking the trend. He revealed four factors that have helped Tractor Supply see lower rates of inventory shrink this year. AdvertisementAdvertisementIf it costs a lot at Tractor Supply, it's probably also heavy. "You basically get greeted and you're checked out right in the front of our store," Lawton said. Hard-to-steal merchandiseOf course, the types of products that Tractor Supply sells — livestock feed, gun safes, truck boxes, etc.

Persons: Jahi, Hal Lawton, Lawton, it's, Dominick Reuter, Jason Aldean Organizations: Target, Tractor Supply, Service, Dick's Sporting Goods, National Retail Federation, Giant Food, Washington, Getty, Tractor, Home, eBay, Retail Industry, Association, Supply, Costco Locations: Wall, Silicon, Macy's

☆ An indicator of Americans' willingness to gamble could suggest continued resilience in the US economy
▼ + stars: | 2023-08-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Famed short-seller Jim Chanos has said casino revenue is a "pretty good" leading indicator of the US economy. Famed short-seller Jim Chanos said earlier this year that casino revenue can be viewed as a reliable data point. AdvertisementAdvertisementLas Vegas casino revenue grew just 2% in 2007 after a three-year period of double-digit growth, then fell about 10% in both 2008 and 2009. Meanwhile, Las Vegas casino revenue grew just 7% in 2000 after a solid three-year stretch of growth. As long as Las Vegas casino revenue continues to hit new records and grow, an economic recession may be nowhere in sight.

Persons: Jim Chanos, wasn't, Michael Lawton, Harry Reid, they're, Chanos Organizations: Nevada Gaming Control Board, Gaming Control, Harry Reid International Airport, Vegas, Las Locations: Nevada, Las Vegas, Vegas

☆ How Florida law could trip up Trump if he’s convicted before the 2024 election
▼ + stars: | 2023-08-29 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +14 min

Meade is executive director of the Florida Rights Restoration Coalition, which works to restore voting rights in the state to former felons. Amendment 4 automatically restored voting rights to former felons, except those convicted of murder or sexual offenses, who have completed their sentences. Initially, organizers projected that Amendment 4 would restore voting rights to about 1.4 million Floridians, but as a result of these new hurdles only a little over 600,000 have actually regained their voting rights, Meade said. Even after Amendment 4, felons are required to have completed their sentence before recovering their voting rights in Florida, as in virtually all other states. Intervening to restore those rights to Trump, if he’s convicted of a felony before the election, would represent a stark departure from the clemency board’s typical procedures.

Persons: Desmond Meade, Meade, Ron DeSantis, DeSantis, Donald Trump, he’s, ” Meade, Trump, ”, Insha Rahman, Neil Volz, DeSantis –, Mark Schlakman, Lawton Chiles, Republican Sen, Rick Scott, Schlakman, hasn’t, there’s, “, Vera Institute’s Rahman, Ian Bassin Organizations: CNN, Restoration Coalition, Florida, Republican, GOP, Trump, Vera Institute of Justice, Florida State University, Florida Gov, District of Columbia, National Conference of State Legislatures, State, Florida State University Center, Advancement of Human, DeSantis, Republicans, Protect Democracy Locations: Florida, Maine, Vermont, ”

☆ I went to Tractor Supply and saw why Wall Street loves the rural retailer, but I wasn't convinced of its appeal to millennial and Gen Z shoppers
▼ + stars: | 2023-05-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Tractor Supply Co. is an 85-year-old rural retailer that has recently become a Wall Street favorite. It owns more than 2,300 midsize stores in rural and suburban areas across the US, and sales are booming. The CEO credits millennials for the growth, but the brand appears geared to older, wealthier customers. Top editors give you the stories you want — delivered right to your inbox each weekday. Insider went to a Tractor Supply Co. location in Wisconsin and found a store that specializes in selling sensibly priced stuff for people with expensive hobbies.

☆ Party City is planning to close over 30 stores across the country — here's the full list
▼ + stars: | 2023-05-09 | by ( Avery Hartmans | Ben Tobin | ) www.businessinsider.com time to read: +5 min

Party City says it's closing over 30 stores after filing for Chapter 11 bankruptcy protection. Cartersville: Cartersville Crossing, 451 East Main St.IowaWaterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.IllinoisBradley: Bradley Commons, 2060 N. State Rte. 20Felch Street Shopping Center, 3050 Beeline Rd., Ste. L12East Hills Shopping Center, 3702 Frederick Ave., Ste. K2Five Points Shopping Center, 4101 Hwy.

☆ Party City is planning to close 22 stores after filing for bankruptcy — here's the full list
▼ + stars: | 2023-02-17 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Party City is closing 22 stores after filing for Chapter 11 bankruptcy protection in January. Cartersville: Cartersville Crossing, 451 E Main St.IowaWaterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.IllinoisBradley: Bradley Commons, 2060 N State Rte. MichiganHolland: Felch Street Shopping Center, 3050 Beeline Rd., Ste. 20Felch Street Shopping Center, 3050 Beeline Rd., Ste. TexasCorpus Christi: Five Points Shopping Center, 4101 Hwy.

☆ Chipotle Mexican Grill to launch new spinoff, Farmesa Fresh Eatery, in a ghost kitchen
▼ + stars: | 2023-02-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Chipotle Mexican Grill is launching a new spinoff, called Farmesa Fresh Eatery, in a California ghost kitchen. And, "when the time is right," Lawton said, Chipotle will use its loyalty program database to attract potential Farmesa customers. When opened, the Santa Monica location will be Kitchen United's 24th ghost kitchen. For Chipotle, Kitchen United's model allows the restaurant chain to test out the new brand with reduced risk. For now, Chipotle's chief purpose with the location is simply to learn, but that doesn't mean Farmesa won't grow.

☆ Chipotle is launching Farmesa, a spinoff selling 'California-inspired' bowls of salmon, whipped potatoes, quinoa, and more
▼ + stars: | 2023-02-15 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Chipotle is launching a virtual restaurant brand featuring "California-inspired" bowls. The virtual restaurant makes its debut later this month in a ghost kitchen in Santa Monica, California. Farmesa will operate at the Kitchen United Mix food hall at Third Street Promenade, a tourist-heavy outdoor retail center in Santa Monica. Kitchen United is a Pasadena, California-based ghost kitchen operator with locations all over the US. Chipotle's new concept, Farmesa, is opening later this month at ghost kitchen/food hall Kitchen United Mix.

☆ The era of health insurance disruptors is over
▼ + stars: | 2023-02-02 | by ( ) www.businessinsider.com time to read: +10 min

Today, they're mostly the poster children of just how challenging it is to break into the insurance industry. Clover Health; Bright Health; Oscar Health; Olivia Reaney/Business InsiderOscar, founded in 2012, and Bright, in 2015, set out to sell health plans to people buying coverage through the Affordable Care Act marketplace. Elevance Health, the parent company of Anthem health plans, is No. Health insurance remains overly complex and mind-numbingly frustrating. Established health insurers haven't been able to stem the rise in health costs, which are mostly determined by the prices for medical care.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

☆ Inflation has peaked, says Tractor Supply CEO Hal Lawton
▼ + stars: | 2023-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation has peaked, says Tractor Supply CEO Hal LawtonTractor Supply CEO Hal Lawton joins CNBC's 'Squawk Box' to discuss the company's quarterly earnings results.

☆ Second caregiver is arrested after the disappearance of a 4-year-old Oklahoma girl
▼ + stars: | 2023-01-13 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

A second person was arrested in connection with the disappearance of a 4-year-old girl in Oklahoma, authorities announced Friday. He is waiting for extradition to Oklahoma, the Oklahoma State Bureau of Investigation said in a Facebook post. Oklahoma State Bureau of Investigation via FacebookAlysia Adams was arrested by the Grady County Sheriff’s Office on two counts of child neglect, the state bureau said. The agency said Thursday that Athena's sister was found outside Alysia Adams' home. The girl is in state protective custody and did not require medical care when she was found, agency spokesperson Brook Arbeitman said.

☆ Bed Bath & Beyond is closing dozens of stores in 2023 — see the full list
▼ + stars: | 2023-01-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +10 min

Bed Bath & Beyond released an updated list of store closures set to take place by March. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. ArterialKansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd PlaceKentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd. Wisconsin:Mequon: 11110 N. Port Washington RoadPuerto Rico:Bayamon: Plaza Del Sol, 725 West Main Ave.Do you work for Bed Bath & Beyond?

☆ Watch CNBC's full interview with Tractor Supply CEO Hal Lawton
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Tractor Supply CEO Hal LawtonTractor Supply CEO Hal Lawton joins CNBC's 'Squawk Box' to break down the company's third-quarter earnings report. Lawton also breaks down the company's raised full-year forecast and the state of the consumer amid high inflation. "I think the consumer is being judicious on their spend," Lawton tells CNBC.

☆ Tractor Supply CEO Hal Lawton: Consumers are feeling the weight of inflation
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTractor Supply CEO Hal Lawton: Consumers are feeling the weight of inflationTractor Supply CEO Hal Lawton joins CNBC's 'Squawk Box' to break down the company's third-quarter earnings report.

☆ FTC Clears Tractor Supply’s $320 Million Deal to Buy Smaller Rival
▼ + stars: | 2022-10-11 | by ( Sarah Nassauer | ) www.wsj.com time to read: 1 min

Tractor Supply will receive $72 million for the sale of some Orscheln Farm & Home stores under an agreement with the FTC. Tractor Supply said a federal regulator has approved its purchase of Orscheln Farm & Home, a smaller rival in the rural-lifestyle retail business, after a year and a half of negotiations and lobbying by state attorneys general. Tractor Supply said Tuesday it will pay $320 million for the 166 stores, the largest acquisition in the company’s history. However, it will only keep 81 stores as part of an agreement with the Federal Trade Commission, which includes the sale of 12 locations to Buchheits, a small home-improvement and farm and ranch retailer, and 73 locations to Bomgaars, another small retailer in the category, said Hal Lawton , chief executive of Tractor Supply, in an interview.

☆ Warehouse giants like Amazon and others are desperate for more robots, but human workers worry they make the job more dangerous
▼ + stars: | 2021-08-31 | by ( Andrew Moseman | ) www.businessinsider.com time to read: +12 min

As a new workday dawns in the warehouse, workers take their places around the floor to start their shifts. Amazon, the industry juggernaut, began bringing robots into its warehouses after purchasing the robotics company Kiva Systems in 2012. This year, it launched a billion-dollar fund focused on logistics and supply-chain robotics companies, the biggest splash in a sea of warehouse robotics investments and acquisitions. A Harvard Business Review survey of 77 warehouse workers in 2022 found that they viewed automation in warehouses slightly more positively than negatively. While workers worried about job loss and dealing with tech malfunctions, they were optimistic that robots could make their work safer and more productive.

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