BH

Biglari Holdings' stock price has been influenced by financial results and market trends. In Q1 2026, the company reported a net loss of $14.5 million. Shares declined in early May 2026 due to market selloffs and rising oil prices. Q2 2025 saw net earnings of $50.9 million, driven by investment gains, and Steak 'n Shake showed strong same-store sales growth. In Q4 2025, Steak 'n Shake achieved same-store sales growth exceeding 15% for its U.S. operations. Full year 2025 earnings reported a US$144 loss per share and a net loss of US$37.5 million. Q1 2025 pre-tax operating earnings increased to $9.994 million, but the company experienced substantial investment losses.