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Jun 30, 2023
Biglari Holdings Q2 2023 Earnings Report
Biglari Holdings reported mixed results for Q2 2023, with a net income of $1.936 million despite investment losses.
Key Takeaways
Biglari Holdings Inc. reported net earnings attributable to shareholders of $1.936 million for the second quarter of 2023, compared to a net loss of $73.780 million in the same quarter of the previous year. Pre-tax operating earnings were $10.037 million, while investment losses amounted to $7.143 million.
Net earnings attributable to Biglari Holdings shareholders were $1.936 million.
Pre-tax operating earnings reached $10.037 million.
Investment losses totaled $7.143 million.
The company's results are influenced by the carrying value of its investments, which can cause fluctuations in quarterly earnings.