Biglari Holdings Q1 2021 Earnings Report
Key Takeaways
Biglari Holdings Inc. reported net earnings of $71.707 million for the first quarter of 2021, compared to a net loss of $137.885 million in the same quarter of the previous year. The company's pre-tax operating earnings were $8.876 million, a significant improvement from the $(5.973) million loss in the first quarter of 2020. Investment gains also played a crucial role, contributing $84.847 million.
Net earnings for Q1 2021 were $71.707 million, a substantial increase from the $(137.885) million loss in Q1 2020.
Pre-tax operating earnings improved to $8.876 million, compared to a $(5.973) million loss in the same quarter last year.
Investment gains contributed $84.847 million to the overall earnings.
The company's largest operating subsidiaries are involved in the franchising and operating of restaurants.