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BIGLARI HOLDINGS INC. NEWS RELEASE

PR Newswire•06/11/2026•16:26 ET
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Key Highlights

  • ➤Q3 pre-tax operating earnings $9.874M, up from $6.854M
  • ➤Q3 net earnings $1.014M versus $5.291M loss
  • ➤Nine-month net earnings $26.409M, up from $12.365M
  • ➤Investment gains totaled $22.132M through nine months, versus $4.154M loss
  • ➤Steak n Shake same-store sales increased 18.2% in Q3

San Antonio, TX, Nov. 6, 2026 /PRNewswire/ -- Biglari Holdings Inc. (NYSE: BH.A; BH) announces its results for the third quarter and first nine months of 2026.

Biglari Holdings Inc.'s earnings for the third quarter and first nine months of 2026 and 2025 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 . (dollars in thousands)

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