Warren Buffett's company bought out a truck-stop business with bigger revenues than Nike, Coke, or Netflix - News Summed Up

Warren Buffett's company bought out a truck-stop business with bigger revenues than Nike, Coke, or Netflix


Pilot made $55 billion in nine months in 2022, more than Nike or Netflix's annual revenue that year. Warren Buffett's company recently bought out a business that rivals some of America's largest companies in revenue and headcount. Pilot's revenue likely dwarfed that of corporate giants like Nike ($47 billion), Coca-Cola ($43 billion), Starbucks ($32 billion), Netflix ($32 billion), and McDonald's ($23 billion) in 2022. Pilot likely earned under $2 billion of pre-tax income in 2022, given it made only $1.3 billion in the nine months to September 30 that year. For comparison, Nike racked up over $6 billion of pre-tax income that financial year,while American Express made nearly $10 billion.


Source: Daily Nation January 25, 2024 06:20 UTC



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