Biglari Holdings Inc. News Release
Biglari Holdings (NYSE: BH) reported third-quarter and first nine months 2025 results. Key third-quarter figures: pre-tax operating earnings $6,854k, investment losses $(14,406)k, income taxes $2,261k, and net loss $(5,291)k versus net earnings $32,125k in Q3 2024.
First nine months 2025: pre-tax operating earnings $20,521k, investment losses $(4,154)k, and net earnings $12,365k (vs $6,514k in 2024). Steak n Shake same-store sales rose 15.0% in Q3. Book value per Class A equivalent share was $2,244.26 at September 30, 2025. The company posted its 10-Q online for full details.
Biglari Holdings (NYSE: BH) ha riferito i risultati del terzo trimestre e dei primi nove mesi del 2025. Dati chiave del terzo trimestre: utili operativi ante imposte $6,854k, perdite sugli investimenti $(14,406)k, imposte sul reddito $2,261k e perdita netta $(5,291)k rispetto agli utili netti di $32,125k nel Q3 2024.
Primi nove mesi 2025: utili operativi ante imposte $20,521k, perdite sugli investimenti $(4,154)k, e utili netti $12,365k (rispetto a $6,514k nel 2024). Le vendite same-store di Steak n Shake sono aumentate del 15,0% nel Q3. Il valore contabile per azione equivalente di Classe A era di $2,244.26 al 30 settembre 2025. L'azienda ha pubblicato online il 10-Q per i dettagli completi.
Biglari Holdings (NYSE: BH) informó los resultados del tercer trimestre y de los primeros nueve meses de 2025. Cifras clave del tercer trimestre: ganancias operativas antes de impuestos $6,854k, pérdidas de inversión $(14,406)k, impuestos sobre la renta $2,261k y pérdida neta $(5,291)k frente a ganancias netas de $32,125k en el 3T 2024.
Primeros nueve meses de 2025: ganancias operativas antes de impuestos $20,521k, pérdidas de inversión $(4,154)k, y ganancias netas $12,365k (vs $6,514k en 2024). Las ventas en tiendas iguales de Steak n Shake aumentaron un 15,0% en el 3T. El valor contable por acción equivalente de Clase A fue de $2,244.26 al 30 de septiembre de 2025. La empresa publicó su 10-Q en línea para los detalles completos.
Biglari Holdings (NYSE: BH) 은 2025년 3분기 및 9개월 실적을 발표했습니다. 3분기 주요 수치는: 세전 영업이익 $6,854k, 투자 손실 $(14,406)k, 법인세 $2,261k 및 순손실 $(5,291)k로 2024년 3분기의 순이익 $32,125k와 대조됩니다.
2025년 상반기 9개월: 세전 영업이익 $20,521k, 투자 손실 $(4,154)k, 및 순이익 $12,365k (2024년 $6,514k 대비). Steak n Shake의 동매장 매출은 3분기에 15.0% 증가했습니다. 클래스 A 동등 주당 장부가치는 2025년 9월 30일에 $2,244.26였습니다. 회사는 세부 정보를 담은 10-Q를 온라인에 게시했습니다.
Biglari Holdings (NYSE: BH) a publié les résultats du troisième trimestre et des neuf premiers mois de 2025. Chiffres clés du troisième trimestre : bénéfice opérationnel avant impôt $6 854k, pertes sur investissements $(14 406)k, impôt sur le revenu $2 261k et bénéfice net $(5 291)k par rapport à un bénéfice net de $32 125k au T3 2024.
Neufs mois 2025 : bénéfice opérationnel avant impôt $20 521k, pertes sur investissements $(4 154)k, et bénéfice net $12 365k (contre $6 514k en 2024). Les ventes identiques Steak n Shake ont augmenté de 15,0% au T3. La valeur comptable par action équivalente de Classe A était de $2 244,26 au 30 septembre 2025. La société a publié son 10-Q en ligne pour les détails complets.
Biglari Holdings (NYSE: BH) meldete die Ergebnisse für das dritte Quartal und die ersten neun Monate 2025. Wichtige Kennzahlen des dritten Quartals: vor Steuern operatives Ergebnis $6.854k, Verluste aus Investitionen $(14.406)k, Steuern $2.261k und Nettoverlust $(5.291)k gegenüber Nettogewinnen $32.125k im Q3 2024.
Die ersten neun Monate 2025: vor Steuern operatives Ergebnis $20.521k, Verluste aus Investitionen $(4.154)k, und Nettoergebnis $12.365k (vs $6.514k in 2024). Steak n Shake gleiche Ladenumsätze stiegen im Q3 um 15,0%. Buchwert je Aktie der Klasse A betrug am 30. September 2025 $2.244,26. Das Unternehmen veröffentlichte den vollständigen 10-Q online.
Biglari Holdings (NYSE: BH) أعلنت عن نتائج الربع الثالث وتسعة أشهر الأولى من 2025. الأرقام الرئيسية للربع الثالث: الأرباح التشغيلية قبل الضريبة $6,854k، خسائر الاستثمار $(14,406)k، ضرائب الدخل $2,261k، و الخسارة الصافية $(5,291)k مقابل أرباح صافية قدرها $32,125k في الربع الثالث 2024.
الأشهر التسعة الأولى من 2025: الأرباح التشغيلية قبل الضريبة $20,521k، خسائر الاستثمار $(4,154)k، و الأرباح الصافية $12,365k (مقابل $6,514k في 2024). ارتفعت مبيعات ستاك إن شاكي في المتاجر نفسها بنسبة 15.0% في الربع الثالث. كانت القيمة الدفترية للسهم من الفئة A المعادلة قد بلغت $2,244.26 في 30 سبتمبر 2025. نشرت الشركة نموذج 10-Q عبر الإنترنت للحصول على التفاصيل الكاملة.
- Pre-tax operating earnings of $6,854k in Q3 2025
- First nine months net earnings of $12,365k
- Steak n Shake same-store sales increased 15.0% in Q3 2025
- Book value per Class A equivalent share of $2,244.26 at Sept 30, 2025
- Q3 2025 reported investment losses of $(14,406)k
- Q3 2025 resulted in a net loss of $(5,291)k versus prior-year profit
Biglari Holdings Inc.'s earnings for the third quarter and first nine months of 2025 and 2024 are summarized below. To become fully apprised of our results, shareholders should carefully study our 10-Q, which has been posted at www.biglariholdings.com.
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(dollars in thousands) |
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|
|
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Third Quarter |
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First Nine Months |
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2025 |
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2024 |
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2025 |
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2024 |
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Pre-tax operating earnings |
$ 6,854 |
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$ 3,272 |
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$ 20,521 |
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$ 28,673 |
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Investment gains (losses) |
(14,406) |
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40,054 |
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(4,154) |
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(18,867) |
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Income taxes |
2,261 |
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(11,201) |
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(4,002) |
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(3,292) |
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Net earnings (loss) |
$ (5,291) |
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$ 32,125 |
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$ 12,365 |
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$ 6,514 |
Analysis of Results:
Investments affect our reported quarterly earnings based on their carrying value. We do not regard the quarterly or annual fluctuations in our investments to be meaningful. Therefore, our operating businesses are best analyzed before the impact of investment gains. As a consequence, in the preceding table we separate earnings of our operating businesses from our investment gains.
In the third quarter of 2025, Steak n Shake's same-store sales for domestic company-operated and franchise-partner-operated restaurants increased by
At September 30, 2025, our book value per Class A Equivalent share was
About Biglari Holdings Inc.
Biglari Holdings Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities, including property and casualty insurance and reinsurance, licensing and media, restaurants, and oil and gas.
Comment on Regulation G
This press release contains certain non-GAAP financial measures. In addition to the GAAP presentations of net earnings, Biglari Holdings defines pre-tax operating earnings outside of the investment gains/losses of the Company.
Risks Associated with Forward-Looking Statements
This news release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ markedly from those projected or discussed here. Biglari Holdings cautions readers not to place undue reliance upon any such forward-looking statements, for actual results may differ materially from expectations. Biglari Holdings does not update publicly or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. Further information on the types of factors that could affect Biglari Holdings and its business can be found in the Company's filings with the SEC.
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SOURCE Biglari Holdings Inc.
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