(BRK.A), (BRK.B)
In 2024, Berkshire Hathaway’s Jazwares, a leading global toy company, has emerged as a standout performer within Berkshire’s consumer products group. Jazwares reported a remarkable 20.3% revenue increase in the first half of the year. Acquired through Berkshire’s October 2022 takeover of Alleghany Corp., Jazwares is the creative powerhouse behind Squishmallows, the world’s number one toy.
The consumer products group encompasses a diverse range of businesses, including recreational vehicles (Forest River), apparel and footwear (Fruit of the Loom, Garan, Fechheimer, H.H. Brown Shoe Group, and Brooks Sports), high-performance batteries (Duracell), custom picture framing (Larson-Juhl), and jewelry (Richline).
The group’s revenues grew by $137 million (3.9%) in the second quarter and $278 million (4.0%) in the first six months of 2024 compared to the same periods in 2023. This growth was driven primarily by higher revenues from Forest River, Jazwares, and Brooks Sports.
© 2024 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.