Dwell updates: Berkshire Hathaway’s annual assembly, earnings, inventory worth information and extra

Berkshire Hathaway owns loads of client companies. So it should not come as a shock that inflation is a priority for Warren Buffett’s conglomerate. Jim Weber, CEO of Berkshire-owned operating shoe and attire maker, Brooks, mentioned the corporate was hit by provide chain issues in 2021. That led to a slight deceleration in gross sales.

Now Brooks can also be coping with increased prices of commodities and different uncooked supplies, like rubber and plastic.

“We raised costs selectively the place we thought we may,” Weber mentioned, including that increased power bills may be a everlasting concern that may influence transport prices.

However regardless of these challenges, Weber mentioned gross sales have been nonetheless robust in 2021 and that income development also needs to be wholesome in 2022. Brooks reported annual income of greater than $1 billion final 12 months, a report for the corporate.

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