Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Berkshire Hathaway    BRK.A

BERKSHIRE HATHAWAY (BRK.A)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Berkshire Hathaway : Dairy Queen, getting a new CEO, looks to freshen brand

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/06/2017 | 05:11am CET

Oct. 06--International Dairy Queen Inc. will be getting a new chief as the company continues an effort to modernize its 77-year-old brand.

The Edina-based company said Thursday that President and CEO John Gainor will retire at the end of the year and current Chief Operating Officer Troy Bader will take his place, effective Jan 1.

The company declined to make the executives available for interviews. An announcement about the change indicated the move was planned and was part of an "active process of talent development and succession planning."

Dairy Queen, a subsidiary of Berkshire Hathaway Inc., has been replacing its old-style restaurants in recent years to compete in the cutthroat quick-service restaurant category. Through its DQ Grill and Chill remodels, the company has updated its seating, beefed up its menu with more food items and tried to offer more specials and creative ice cream treats. It also has made a deliberate push to expand internationally.

Bader, who was hand-picked by Gainor, joined Dairy Queen in 2001 and has been in his current role since 2011. He manages the company's marketing, operations, franchise development and the supply chain in the United States and Canada.

Gainor has led the company since 2008 and has overseen what the company described as "record reinvestment," which included rapid expansion of the Grill and Chill concept.

Dairy Queen now has more than 6,700 locations in 25 countries, including 4,300 in the U.S. Just two restaurants, one in Richfield and one on Normandale Boulevard in Edina, are directly owned by the company. The rest are run by franchisees.

Late last year, the company announced it would extend its international reach into South Korea, aiming to open 50 locations there in five years. Under Gainor, much of the company's global growth was concentrated in nations known for hot weather, such as Kuwait, Saudi Arabia, Taiwan and Vietnam.

DQ often would tweak menus to appeal to local tastes, offering ice cream flavors such as green tea with red bean. In the Middle East, the chain rolled out beef kofta, a spicier, gyro-type sandwich.

"John has done everything I hoped for -- and more -- in accelerating IDQ's growth in the U.S. and internationally," Berkshire Hathaway CEO Warren Buffett said in a statement. "I thank him for both that and for the development of an outstanding successor, Troy Bader."

___

(c)2017 the Star Tribune (Minneapolis)

Visit the Star Tribune (Minneapolis) at www.startribune.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BERKSHIRE HATHAWAY
01/21 BERKSHIRE HATHAWAY : represents seller in Holiday Inn Express
01/20 BERKSHIRE HATHAWAY : Possible Buffett heir Abel has small Berkshire stake, likel..
01/20 WARREN BUFFETT : Possible Buffett heir Abel has small Berkshire stake, likely to..
01/19 BERKSHIRE HATHAWAY : Nancy Mickelson joins Berkshire Hathaway HomeServices Hodne..
01/19 WARREN BUFFETT : Possible Buffett successor Jain reports $109 million Berkshire ..
01/14 BERKSHIRE HATHAWAY : WARREN WATCH Buffett gaining a valuable commodity
01/12 BERKSHIRE HATHAWAY : Omaha natives rise with changes
01/12 BERKSHIRE HATHAWAY : MidAmerican Energy gets new CEO amid Berkshire shuffle
01/12 BERKSHIRE HATHAWAY : Makes More Management Moves Following Elevation of Abel, Ja..
01/11 BERKSHIRE HATHAWAY : Names New CEO of Giant U.S. Utility
More news
News from SeekingAlpha
01/21 SA INTERVIEW : Opportunistic Value Investing With Nat Stewart
01/21 GENERAL ELECTRIC NEARING CAPITULATIO : Buy, Sell Or Hold?
01/19 The Passive/Aggressive Portfolio
01/18 BERKSHIRE WITHOUT BUFFETT : Will It Flounder Without The Oracle At The Helm?
01/15 2018 Is The Year To Make Great Gains In Crypto & Cannabis
Financials ($)
Sales 2017 254 B
EBIT 2017 13 226 M
Net income 2017 29 098 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 15,06
P/E ratio 2018 20,98
Capi. / Sales 2017 2,07x
Capi. / Sales 2018 2,15x
Capitalization 526 B
Chart BERKSHIRE HATHAWAY
Duration : Period :
Berkshire Hathaway Technical Analysis Chart | BRK.A | US0846701086 | 4-Traders
Technical analysis trends BERKSHIRE HATHAWAY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 321 300 $
Spread / Average Target 0,33%
EPS Revisions
Managers
NameTitle
Warren Edward Buffett Chairman & Chief Executive Officer
Marc D. Hamburg Chief Financial Officer & Senior Vice President
Charles Thomas Munger Vice Chairman
David Sanford Gottesman Independent Director
Walter Scott Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BERKSHIRE HATHAWAY7.61%526 401
THE TRAVELERS COMPANIES1.63%37 729
ALLSTATE CORP-0.96%37 210
TOKIO MARINE HOLDINGS INC2.49%36 089
SAMPO OYJ5.07%32 584
MS&AD INSURANCE GROUP HOLDING INC-1.30%20 338