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Sep 30, 2023
Biglari Holdings Q3 2023 Earnings Report
Reported a net loss attributable to Biglari Holdings shareholders due to investment losses, but pre-tax operating earnings increased.
Key Takeaways
Biglari Holdings Inc. reported a net loss attributable to shareholders for the third quarter of 2023, primarily due to investment losses. However, pre-tax operating earnings increased compared to the same period in the previous year.
Net loss attributable to Biglari Holdings shareholders was $56.514 million.
Pre-tax operating earnings increased to $20.298 million.
Investment losses significantly impacted the reported earnings.
Company advises focusing on pre-tax operating earnings to analyze business performance.
Forward Guidance
The company provided a cautionary note regarding forward-looking statements, advising readers not to place undue reliance on them due to potential risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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