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Jun 30, 2022
Biglari Holdings Q2 2022 Earnings Report
Reported a net loss due to investment losses, while pre-tax operating earnings increased.
Key Takeaways
Biglari Holdings reported a net loss for the second quarter of 2022, primarily due to investment losses. However, pre-tax operating earnings increased compared to the same period in the previous year.
Net loss was $(73.78) million for the second quarter of 2022.
Pre-tax operating earnings were $12.312 million for the second quarter of 2022.
The company's earnings are affected by the carrying value of its investments.
Biglari Holdings owns subsidiaries in insurance, licensing, restaurants, and oil and gas.
Biglari Holdings
Biglari Holdings
Forward Guidance
The press release includes a cautionary note regarding forward-looking statements, advising readers not to place undue reliance on them due to potential risks and uncertainties.