How Tractor Supply’s ‘Inflation Chickens’ Are Ruling The Backyard Roost

  • 📰 Forbes
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Tractor Supply is doing a brisk business. It has been selling chicks since the 1990s, but demand really took flight during the pandemic. Foot traffic in the category has risen 60% in the last five years, helping it peddle 50 million birds. Read more:

than a year ago. “Who wants to go into a store and pay $7 for a dozen eggs?” said Greg Privett, president of Privett Hatchery, who supplies chicks to Tractor Supply. “That’s what’s driving demand this year. It’s strictly egg prices.”

At three or four bucks each, Tractor Supply will make, at most, $50 million from selling chicks this year. “It’s pretty immaterial,” said CEO Hal Lawton, for a company that does $14 billion in annual revenue. But then you add in the rest of the stuff. Customers spend about $100 to get started, once they buy a brooder to keep the birds warm, water and food dispensers, shavings and a bag of feed.

When they arrive at the destination post office, the local Tractor Supply store gets a call. The fastest employee gets to take a joyride. “We drop whatever we’re doing in the store to go pick them up,” said Greymi Rosa, a district manager who oversees a dozen stores in North Texas. They don’t want the chicks to overstay their welcome. “These guys are going ‘chirp, chirp, chirp’ at a thousand miles an hour,” Rosa said with a laugh.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in LOANS

Loans Loans Latest News, Loans Loans Headlines