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Rapaport News
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Berkshire Hathaway Sees Retail Jump
Division improves 5% in second quarter.
Aug 5, 2018 9:32 AM
By Rapaport News
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RAPAPORT... Revenue from the retail division of Warren Buffett’s
Berkshire Hathaway increased 5% to $3.93 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 boosted in
large part by the company’s automotive sector and the sale of pre-owned
vehicles. Pre-tax earnings for the entire retail unit climbed 22% to $764
million.
Revenue from manufacturing of consumer products, which
includes jewelry maker Richline, rose 8% to $3.23 billion.
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Tags:
Ben Bridge Jeweler, Berkshire Hathaway, borsheims, Helzberg Diamonds, Rapaport News, richline, warren buffett
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