What it's like working with Warren Buffett
At the 2023 Berkshire Hathaway annual meeting See’s Candies CEO Pat Egan spoke with Yahoo Finance’s Executive Editor Brian Sozzi about growth at the candy company, his overall economic outlook, and what it’s like to work with Warren Buffett and the management team at Berkshire Hathaway (BRK-A).
Egan said he doesn’t see a slowdown in consumer spending in the U.S. ‘Our business is up, our traffic is up.. And our e-commerce business has really blown up in the last two years.’ Egan added that See’s Candies has benefitted from the pandemic trend of consumer snacking ‘we all need that special treat. The last few years have been very hard, and it's kind of a respite. It's a way for people to relax,’ he said.
On inflation and increased costs for the chocolate business and for consumers, Egan said he was forced to raise prices due to increased input costs for ingredients like milk, butter, and sugar. ‘Sugar has more than doubled. Sugar is more expensive in the United States of America than any other place on the planet. It's a price controlled kind of a scheme in our view… butter is up over a hundred percent in the last year. So yes, we have to cover all of that,’ Egan added.
Key video moments:
00:01:02 what it’s like to work with Warren Buffett
00:01:24 consumer spending trends
00:03:12 inflation impact
相關影片推薦
1:51
奧運男足賽果風波 國際足協裁判員導師︰暫停兩小時不理想需考慮重賽now.com 影音新聞74,043 次觀看・1 天前3:23
【娛樂訪談】魯文傑自爆當日離開TVB:我真係驚Yahoo OMG Videos16,824 次觀看・14 小時前0:32
《男航女機師》前導預告Yahoo Movies HK36,275 次觀看・18 小時前0:49
醫管局總行政經理莊慧敏盜竊罪成上訴 兩個月內裁決now.com 影音新聞25,442 次觀看・18 小時前4:15
【娛樂訪談】 「舞台劇獎最佳男主角」魯文傑:當年哥哥張國榮叫我試鏡Yahoo OMG Videos51,768 次觀看・1 天前2:35
《變形金剛初始篇》次回預告Yahoo Movies HK7,126 次觀看・20 小時前
熱門必看
3:23
【娛樂訪談】魯文傑自爆當日離開TVB:我真係驚Yahoo OMG Videos16,761 次觀看・14 小時前0:07
動漫節 2024「反智轉身」再現Yahoo Video HK36,015 次觀看・19 小時前4:15
【娛樂訪談】 「舞台劇獎最佳男主角」魯文傑:當年哥哥張國榮叫我試鏡Yahoo OMG Videos51,766 次觀看・1 天前6:31
鄭秀文演唱會|第9場網傳「待定」嘉賓揭曉 林峯收巨型叉燒飯 預告明年紅館開騷Yahoo OMG Videos36,824 次觀看・2 天前12:02
ESG Xchange 2024: Paths for Chinese Cross-Border Enterprises to Achieve ESGYahoo Video HK5,152 次觀看・3 天前