Retail Sales Rise at Buffett Conglomerate

By Rapaport News / May 07, 2018 / www.diamonds.net / Article Link

RAPAPORT... Revenue from the retail division of Warren Buffett'sBerkshire Hathaway increased 5% to $3.64 billion in the first quarter, thecompany reported Saturday. The improvement in the segment, which includes jewelrychains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was primarilydriven by the company's automotive sector, as well as candy sales over theEaster holiday. Pre-tax earnings for the entire retail unit jumped 19% to $158million. Revenue from manufacturing of consumer products, includingfrom jewelry maker Richline, rose 6% to $3.02 billion. Image: Alphama

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