Dairy Queen is one of Warren Buffett’s most-famous businesses. CEO Troy Bader laid out the benefits of Berkshire Hathaway’s ownership

• Warren Buffett’s Berkshire Hathaway acquired Dairy Queen for nearly $600 million in 1998.
• Dairy Queen CEO Troy Bader told Insider that Berkshire’s ownership lets him invest for the long run.
• Bader explained how Dairy Queen has dealt with the pandemic, inflation, and new customer demands.

Warren Buffett acquired Dairy Queen for nearly $600 million in early 1998 because he understood its business, and the fast-food chain had excellent economics and outstanding management, he told Berkshire Hathaway shareholders at the time.