RAPAPORT... Berkshire Hathaway reported that revenue from its retail division, which includes jewelers, increased by $134 million, or 3 percent year on year in 2014. The holding company did not provide totals for each of its divisions, however.
The retail division includes Borsheims Fine Jewelry, Ben Bridge Jeweler and Helzberg Diamonds, as well as four home furnishings businesses, See’s Candies and Pampered Chef, and its reported pre-tax earnings declined by $32 million or 9 percent compared with 2013.
Berkshire Hathaway noted that the decline in earnings was primarily a result of lower earnings from Nebraska Furniture Mart and Pampered Chef. The fiscal results were released together with CEO Warren Buffet's 50th annual letter to shareholders.
Berkshire Hathaway’s overall group revenue rose 7 percent year on year to $194.67 billion in 2014, while net earnings grew 2 percent to $19.87 billion.
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