Squawk Pod In Omaha: Berkshire Hathaway’s 2025 Meeting with Brooks & See’s 5/2/25
May 2, 2025
Journey to Omaha for Berkshire Hathaway’s annual gathering! CEOs from See’s Candy and Brooks Running share their excitement, showcasing exclusive products for dedicated shareholders. Discover how tariffs challenge production while revenues soar. Witness the community spirit as thousands converge for this ‘Woodstock for Capitalists’. Plus, get insights into candy industry trends and the impact of rising cocoa prices. It’s a sweet mix of business, festivity, and innovation!
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Berkshire Meeting's Massive Growth
- Berkshire Hathaway’s shareholder meeting has grown from a small lunchroom gathering to a 40,000-capacity festival.
- 2025 saw a record 138,000 ticket requests, reflecting strong investor enthusiasm despite recent public silence from Warren Buffett.
Brooks Running Manufacturing Challenges
- Dan Sheridan describes Brooks Running's manufacturing challenges due to tariffs and supply chain concentration in Southeast Asia.
- Switching manufacturing outside Southeast Asia is a 5-10 year plan due to complex craftsmanship needed in running shoe production.
Running Trend Drives Growth
- Brooks Running’s growth is driven by global health and wellness trends.
- The pandemic boosted running participation, which supports the company's expanding sales worldwide.