Welcome to our dedicated page for Biglari Holdings news (Ticker: BH), a resource for investors and traders seeking the latest updates and insights on Biglari Holdings stock.
Biglari Holdings Inc. reports news as a diversified holding company with operating businesses in restaurants, insurance, oil and gas, and media-related activities. Its restaurant operations include Steak n Shake and Western Sizzlin, while other subsidiaries include First Guard, Southern Pioneer, Biglari Reinsurance, Southern Oil, Abraxas Petroleum, and Maxim.
Company updates commonly cover quarterly and annual earnings, the separation of operating results from investment gains and losses, book value per Class A equivalent share, Steak n Shake same-store sales, annual shareholder reports, shareholder meeting matters, and common-stock listing actions.
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.