TheStreet's founder and Action Alerts Plus portfolio manager Jim Cramer said that Thor Industries' (THOR)  colossal earnings beat had a lot to do with changing consumer wants and needs. The company sells recreational vehicles designed for travel and camping. 

Cramer said that young people are deviating from the consumer goods economy that dominated previous generations. "Owning things, unless they can generate some sort of experience, just doesn't resonate with millennials," Cramer said. 

Thor's CEO will appear on tonight's edition of Mad Money. 

Watch More with TheStreet:

More from Video

Immigration, Instagram and Oil - Here's What You Can't Miss Wednesday

Immigration, Instagram and Oil - Here's What You Can't Miss Wednesday

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

3 Ways to Fix Starbucks Biggest Challenges

3 Ways to Fix Starbucks Biggest Challenges

2 Things Fed Chairman Jerome Powell Just Said Upset Investors

2 Things Fed Chairman Jerome Powell Just Said Upset Investors

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up