None of the blogs or other sources of information is to be considered as constituting a track record. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. The 83-year-old company is counting on greater customer use of its DQ Rewards digital app to fuel growth, with more than 7 million US and Canadian downloads so far.ĭisclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Dairy Queen has more than 7,000 stores worldwide.Īccording to Bader, the company often looks to markets adjacent to existing ones, so it can take advantage of existing supply chains when considering where to expand.īader said that Taiwan is on their list for exploration, along with Australia, India, and Europe.īader added that Dairy Queen would be mindful of political concerns in whichever market it entered.īerkshire majority owner Warren Buffet said he felt “better” about deploying capital in Japan than Taiwan, reflecting US tensions with China.ĭairy Queen sales topped $5.7 billion last year, up from more than $5.5 billion in 2021, despite distribution problems as warehouses struggled to retain labor.
The Berkshire Hathaway-owned fast-food chain operates over1250 stores in China, its second-largest market. and Canadian downloads so far.Dairy Queen is looking to expand in new markets, including Australia and Taiwan, says the company’s CEO, Troy Bader. The development process takes time."ĭairy Queen sales topped $5.7 billion last year, up from more than $5.5 billion in 2021, despite distribution problems as warehouses struggled to retain labor.īader said the 83-year-old company is counting on greater customer use of its DQ Rewards digital app to fuel group, with more than 7 million U.S. With all that's going on there, we're not going to be opening stores tomorrow. "You need to think about them in any country you're in," he said. The Bloomington, Minnesota-based company operates in at least 20 countries, five in the Middle East. "I reevaluated that in the light of certain things that were going on," Buffett said.īader said Dairy Queen would be mindful of political concerns in whichever market it entered. He contrasted Berkshire's increasing its stake in five Japanese trading houses with his decision in late 2022 to unwind most of a $4 billion investment in Taiwan Semiconductor Manufacturing Co (2330.TW) disclosed just three months earlier. "We're going to be smart, but we're going to continue to grow in those markets so we can be there for fans," Bader said, referring to customers, in a May 5 interview at Berkshire's annual shareholder weekend in Omaha, Nebraska.īuffett told Berkshire shareholders a day later that he felt "better" about deploying capital in Japan than Taiwan, reflecting U.S. He said Taiwan "is on our list for exploration at this point," as are Australia, India and Europe. Troy Bader, chief executive of International Dairy Queen Inc, said the company often looks to markets adjacent to existing ones, so it can take advantage of existing supply chains, when considering where to expand. Tensions between the United States and China have been rising, with some investors worried that China might invade or seek to reunify Taiwan soon.
Owned by Warren Buffett's Berkshire Hathaway (BRKa.N) since 1998, the fast-food chain counts China as its second-largest market, operating more than 1,250 stores there out of more than 7,000 worldwide. May 11 (Reuters) - Berkshire Hathaway-owned Dairy Queen is exploring options to expand in new markets, perhaps including Taiwan, the company's CEO said, even as geopolitical concerns with China simmer.
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