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Retail Sales Rise at Buffett’s Berkshire Hathaway
May 7, 2018 7:07 AM
By Rapaport News
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RAPAPORT... Revenue from the retail division of Warren Buffett’s
Berkshire Hathaway increased 5% to $3.64 billion in the first quarter, the
company reported Saturday.
The improvement in the segment, which includes jewelry
chains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was primarily
driven by the company’s automotive sector, as well as candy sales over the
Easter holiday. Pre-tax earnings for the entire retail unit jumped 19% to $158
million.
Revenue from manufacturing of consumer products, including
from jewelry maker Richline, rose 6% to $3.02 billion.
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Tags:
Ben Bridge Jeweler, Berkshire Hathaway, borsheims, Buffett, Helzberg Diamonds, Rapaport News, richline, warren buffet
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