Berkshire Hathaway owns a large number of shopper companies. So it should not come as a marvel that inflation is a priority for Warren Buffett’s conglomerate. Jim Weber, CEO of Berkshire-owned working shoe and attire maker, Brooks, mentioned the corporate was once hit via provide chain issues in 2021. That resulted in a slight deceleration in gross sales.
Now Brooks may be coping with upper prices of commodities and different uncooked fabrics, like rubber and plastic.
“We raised costs selectively the place we concept lets,” Weber mentioned, including that upper power bills could be an enduring factor that may affect delivery prices.
However regardless of those demanding situations, Weber mentioned gross sales had been nonetheless robust in 2021 and that earnings enlargement must even be wholesome in 2022. Brooks reported annual earnings of greater than $1 billion remaining 12 months, a report for the corporate.
