Biglari Holdings Stock Price, News & Analysis

Biglari Holdings Inc. released its third quarter and nine-month results for 2021, showing significant fluctuations in earnings. Pre-tax operating earnings were $754K in Q3, improving from a loss of $854K in 2020. However, net earnings dropped to a loss of $10.7M, contrasting with a profit of $21.1M in 2020. Investment gains were negative, contributing to a loss of $15.7M for Q3. The company emphasizes that operating results should be analyzed without the influence of investment fluctuations. Full details are available in their 10-Q filing.

Biglari Holdings Inc. (NYSE: BH.A; BH) reported its financial results for the second quarter and first six months of 2021, revealing a net loss of $20,737 in Q2 compared to a profit of $42,466 in the same period last year. The company's pre-tax operating earnings improved to $8,406 from a loss of $3,527 in 2020. However, investment losses were significant at $35,341, contrasting with gains of $60,757 in 2020. For the first half of 2021, net earnings were $50,970, down from a loss of $95,419 in 2020. Shareholders are advised to review the detailed 10-Q report for comprehensive insights.

Biglari Holdings reported strong first-quarter 2021 results, highlighting pre-tax operating earnings of $8,876,000 compared to a loss of $5,973,000 in 2020. Investment gains surged to $84,847,000, a significant turnaround from a loss of $175,742,000 the previous year. The net earnings for Q1 2021 stood at $71,707,000, up from a loss of $137,885,000 in Q1 2020. The company emphasizes that quarterly fluctuations in investments don't reflect ongoing performance, advising shareholders to consult their 10-Q for detailed insights.

Biglari Holdings Inc. has published its 2020 Annual Report, accessible online at www.biglariholdings.com. The report features Sardar Biglari's annual letter to shareholders, detailing the company's financial performance and strategic directions.

Biglari Holdings operates in various sectors, including property and casualty insurance, media, restaurants, and oil and gas. The company primarily focuses on franchising and operating restaurants.

Biglari Holdings (NYSE: BH.A; BH) has announced its 2021 Annual Shareholders Meeting scheduled for May 27, 2021, at 1:00 p.m. Central Time, at the Majestic Theatre in San Antonio, TX. Shareholders are encouraged to attend in person. The company operates through subsidiaries in diverse sectors, including property and casualty insurance, media, restaurants, and oil and gas. Its primary focus is on franchising and operating restaurants.

On November 6, 2020, Biglari Holdings (NYSE: BH.A; BH) reported its earnings for Q3 and year-to-date results for 2020. The company incurred a pre-tax operating loss of $854,000 in Q3 and $16.1 million for the first nine months. Investment gains for Q3 reached $27.6 million, contrasting with an investment loss of $87.4 million for the year-to-date period. Despite a net income of $21.1 million in Q3, the year-to-date net loss stands at $74.3 million. The press release cautions about the risks of forward-looking statements.

Biglari Holdings Inc. (NYSE: BH.A; BH) reported its financial results for Q2 and the first half of 2020, showing a net loss of $95,419,000 compared to a net gain of $31,792,000 for the same period in 2019. The pre-tax operating loss for Q2 was $4,894,000, while the first half loss was $15,213,000. Notably, the company recorded investment gains of $60,757,000 in Q2, contrasting with a substantial loss of $114,985,000 in the first half. The results highlight a significant downturn amid challenging market conditions.

Steak 'n Shake is facing a jury trial after a lawsuit accusing the restaurant chain of sexual assault by a manager has reached a critical point, nine years post-incident. The case, initiated by a former employee identified as B.C., revolves around an alleged assault during a 2011 late-night shift in Frisco, Texas. Following a series of appeals, the Fifth Court of Appeals in Texas has permitted the case to proceed to trial, overturning previous rulings that favored the restaurant. The trial represents a significant moment in the long-standing legal battle.

Biglari Holdings (NYSE: BH.A; BH) announced that its 2020 Annual Shareholders Meeting will take place on June 25, 2020, at 1:00 p.m. Central Time in San Antonio, Texas. Shareholders can attend the meeting in person at the Majestic Theatre. Biglari Holdings is a diversified holding company with subsidiaries in sectors including property and casualty insurance, media, restaurants, and oil and gas.