Berkshire Hathaway experienced significant revenue declines in the second quarter, particularly affected by tariffs and trade uncertainties. Revenues dropped by 39% at Jazwares, 12% at Fruit of the Loom, and 10% at Garan. The company reported a 5% decrease in overall consumer products revenue, totaling around $3.5 billion. These declines stemmed primarily from lower sales volumes due to the uncertainties surrounding trade policies, tariffs, and restructuring. Macroeconomic changes and geopolitical conflicts have accelerated in the first half, contributing to considerable uncertainty regarding product availability and supply chain efficiency.
Berkshire Hathaway's second-quarter earnings reveal significant impacts from tariffs, with revenues declining 39% at Jazwares, 12% at Fruit of the Loom, and 10% at Garan.
Tariff uncertainties are causing drops in sales volume, leading to delayed orders and shipments across Berkshire's consumer brands.
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