Buffett's Dairy Queen on Guard as Tariffs Weigh on Desire to Dine Out

Dairy Queen, owned by Warren Buffett's Berkshire Hathaway, has seen signs that consumers are dining out less, but believes American franchisees can withstand economic pressures, including from tariffs, its chief executive said.

Troy Bader, who has led the fast-food chain since 2018, said Dairy Queen sales and transactions grew in the first quarter - "somewhat uncommon" relative to rivals - before "a little bit of flattening" in April.

Tariff-related concerns could dampen demand from consumers who have become "weary of high interest rates and multiple years of high inflation," he said.

Slowing sales could pressure franchisees that could see new tariff-related costs on cooking equipment, uniforms and a handful of ingredients such as bananas, pineapples and vanilla.

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