Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2018-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Margin Structure of the Grocery and Convenience Store Distribution Business Has Been Squeezed

McLean: There's no question that the margins have been squeezed. The situation is even worse than you portray because within McLean we have a liquor distribution business in a few states. That business has actually increased its earnings moderately, and we've added to that business. But as they say, a fair amount of that is actually coming from liquor distribution activities in about four states which are very well run.

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