Benjamin Moore CEO Says Inflation Weighs on Sales
CEO Dan Calkins says shoppers are moving toward mid-range products as high mortgage rates and inflation curb home remodeling and existing home sales volumes.
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BERKSHIRE HATHAWAY INC-CL A subsidiary Benjamin Moore saw customers trade down to mid-range paint as 2025 revenue reached nearly $2B. It follows a 3.6% drop in United States existing home sales in March to a nine-month low of 3.98 million. High mortgage rates and inflation are curbing premium DIY spending, signaling a broader shift in household purchasing power.
