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Retail Sales Rise at Berkshire Hathaway

Second-quarter revenue up 2.5%.
Aug 5, 2019 5:08 AM   By Rapaport News
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RAPAPORT... Revenue from the retail division of Warren Buffett’s Berkshire Hathaway increased 2.5% to $4.03 billion in the second quarter, the company reported Saturday.

The improvement in the division, which includes jewelry chains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was buoyed in large part by the company’s car business, including sales of pre-owned vehicles, automotive financing, and repair work. Pretax earnings for the entire retail unit climbed 6% to $243 million.

Revenues from manufacturing of consumer products, which includes jewelry maker Richline Group, fell 9% to $2.95 billion.

Image: A Helzberg Diamonds store in Washington, DC. (Alphama)
Tags: Ben Bridge Jeweler, Berkshire Hathaway, borsheims, Helzberg Diamonds, Rapaport News, richline, warren buffett
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