Biglari Q2 net earnings fall on investments, operating profit rises
BH•Outlook
- Company did not provide specific guidance or forecasts for upcoming quarters or full year
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Net Income | $39.93 mln | ||
| Q2 Pre-tax Operating Earnings | $6.27 mln |
Result drivers
- STEAK N SHAKE SALES - Co said same-store sales at Steak n Shake rose 13.8% in Q2
- QUARTERLY EARNINGS - Co said investments affected their reported quarterly earnings based on their carrying value
Q2 earnings and operating profit
- US holding company's Q2 net earnings fell yr/yr, while pre-tax operating earnings increased
- Steak n Shake same-store sales rose 13.8% in Q2
- Company separates operating earnings from investment gains due to investment volatility
