Biglari Swings to Profit in Fiscal Q2

Biglari (NYSE:BH), a holding company with operations in restaurants, insurance, oil and gas, and media, reported its Q2 2025 earnings on Aug. 8, 2025. The most significant headline was a sharp return to profitability, as net earnings (GAAP) swung to $50.9 million after a $48.2 million GAAP loss in the prior year period, largely driven by investment gains of $61.4 million. Pre-tax operating earnings, which strip out investment swings, fell sharply to $3.7 million from $19.7 million a year earlier. No analyst estimates or company-issued guidance were available for the quarter. With notable improvement in restaurant sales but weaker results in core operations.Biglari is a diversified holding company. It operates restaurants under the Steak n Shake and Western Sizzlin brands.In addition to restaurants, the company owns insurance businesses focused on commercial trucking, operates oil and gas assets in the Gulf of Mexico, and has a media segment through the MAXIM brand.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool