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Jun 30, 2021
Biglari Holdings Q2 2021 Earnings Report
Reported a net loss impacted by investment losses, while pre-tax operating earnings showed improvement compared to the previous year.
Key Takeaways
Biglari Holdings Inc. reported a net loss for the second quarter of 2021, primarily due to investment losses. However, pre-tax operating earnings improved compared to the same period in the previous year.
Net loss was $(20,737,000) for the second quarter of 2021.
Pre-tax operating earnings were $8,406,000 compared to a loss of $(3,527,000) in the second quarter of 2020.
Investment losses totaled $(35,341,000) for the quarter.
The company's largest operating subsidiaries are involved in the franchising and operating of restaurants.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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