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
- 1:48直擊富士山「黑幕」動工中 遊客搶最後一刻拍照 官員指「亂象不停、黑布不撤」Yahoo 國際通73,878 次觀看・1 天前
- 1:59機電署洩漏1.7萬名市民資料 有受影響居民稱擔心now.com 影音新聞12,568 次觀看・1 天前
- 0:35將軍澳錄得超過150毫米雨量 影業路水浸封路now.com 影音新聞2,209 次觀看・8 小時前
- 2:00東南亞高溫飆破攝氏45度 馬尼拉推「移動淋浴車」 民眾開心解暑熱Yahoo 國際通6,146 次觀看・8 小時前
- 0:40政府公布2025年公眾假期 農曆新年請兩日可連放九日now.com 影音新聞52,232 次觀看・1 天前
- 2:13早晨天氣節目(05月04日上午8時) - 科學主任沈志泰香港天文台6,678 次觀看・8 小時前
- 4:47【娛樂訪談】自小雙親離異 孫慧雪憶童年:媽咪不肯見我Yahoo OMG Videos47,397 次觀看・1 天前
- 1:22《天外奇蹟》飛行屋免費住 8000個氣球還原經典畫面 還有X戰警、法拉利博物館主題房Yahoo 國際通5,604 次觀看・8 小時前
- 1:57貓貓誤入退貨包裹 遭寄回數百英里「亞馬遜倉庫」 六天沒吃沒喝幸脫困Yahoo 國際通18,412 次觀看・2 天前
- 2:35T4主幹路工程財會闖關 多名議員質疑造價仍過高now.com 影音新聞56,873 次觀看・22 小時前
熱門必看
- 4:47【娛樂訪談】自小雙親離異 孫慧雪憶童年:媽咪不肯見我Yahoo OMG Videos47,394 次觀看・1 天前
- 7:11Yahoo娛樂圈 |娛實說 張家輝 誤打誤撞入行走進亞視才愛上演戲 遇樽頸拒再拍喜劇:我要孤注一擲Yahoo OMG Videos52,074 次觀看・3 天前
- 3:31【娛樂訪談】《高山低谷》爆紅十年 林奕匡:我不強求啲歌一定要中Yahoo OMG Videos46,784 次觀看・4 天前
- 5:30胡‧說樓市|垃圾徵費Q&A! 屋苑管理要留神Yahoo財經172,751 次觀看・4 天前
- 4:48謝雅兒《填詞魂》|Yahoo Lunch KYahoo OMG Videos191,546 次觀看・1 週前