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Retail Sales Rise at Buffett’s Berkshire Hathaway

Revenue from the division, which includes jewelry, grew 5% in the first quarter.
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.

Image: Alphama
Tags: Ben Bridge Jeweler, Berkshire Hathaway, borsheims, Buffett, Helzberg Diamonds, Rapaport News, richline, warren buffet
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