Biglari Holdings Inc. Class B - BH STOCK NEWS

Cracker Barrel (Nasdaq: CBRL) announced the appointment of Jody L. Bilney to its Board of Directors following a Nomination and Cooperation Agreement with Biglari Capital Corp. As part of the Agreement, the Board will expand to eleven directors. Bilney brings extensive experience, having served in senior roles at companies like Humana and Verizon. The Agreement includes provisions for reimbursement of up to $500,000 for Biglari's expenses and outlines standstill obligations until February 29, 2024. Shareholder approval for Bilney's appointment will be sought in upcoming annual meetings.

Biglari Holdings Inc. (NYSE: BH.A; BH) reported a net loss of $73,780,000 in Q2 2022, compared to a loss of $20,737,000 in Q2 2021. For the first six months of 2022, the company incurred a net loss of $74,078,000, contrasting with a net gain of $50,970,000 in the same period last year. Pre-tax operating earnings rose to $12,312,000 in Q2 2022 from $8,406,000 in Q2 2021. Investment losses significantly impacted the financials, reported at $(108,801,000) for Q2 2022. The company emphasizes the value of its operating businesses, excluding investment gains for analysis.

Biglari Holdings Inc. (NYSE: BH.A; BH) reported significant losses for Q1 2022 compared to Q1 2021. Pretax operating earnings decreased to $5,967,000 from $8,876,000. Notably, the company faced an investment loss of $6,436,000, contrasting sharply with investment gains of $84,847,000 the previous year. The net loss for the quarter was $(298,000), a steep decline from net earnings of $71,707,000 in 2021. The company emphasizes that fluctuations in investment results are not indicative of its operational performance, urging shareholders to focus on underlying business results.

Biglari Holdings Inc. has published its 2021 Annual Report, available online at www.biglariholdings.com. The report includes Sardar Biglari's annual letter to shareholders, addressing the company's diverse business operations, including property and casualty insurance, licensing and media, restaurants, and oil and gas. It highlights the company’s subsidiaries, emphasizing its role in franchising and operating restaurants. The release also includes a caution about forward-looking statements, noting potential risks and uncertainties that may affect actual outcomes.

Biglari Holdings Inc. (NYSE: BH.A; BH) has reached a Final Judgment due to noncompliance with the Hart-Scott-Rodino Act's premerger reporting requirements. The issue arose from a technical error, as Biglari had previously obtained HSR clearance for acquiring Cracker Barrel Old Country Store, Inc. stock. However, this clearance expired when Biglari acquired an additional 55,141 shares in March 2020, during the pandemic-related government shutdown.

Biglari Holdings Inc. released its third quarter and nine-month results for 2021, showing significant fluctuations in earnings. Pre-tax operating earnings were $754K in Q3, improving from a loss of $854K in 2020. However, net earnings dropped to a loss of $10.7M, contrasting with a profit of $21.1M in 2020. Investment gains were negative, contributing to a loss of $15.7M for Q3. The company emphasizes that operating results should be analyzed without the influence of investment fluctuations. Full details are available in their 10-Q filing.

Biglari Holdings Inc. (NYSE: BH.A; BH) reported its financial results for the second quarter and first six months of 2021, revealing a net loss of $20,737 in Q2 compared to a profit of $42,466 in the same period last year. The company's pre-tax operating earnings improved to $8,406 from a loss of $3,527 in 2020. However, investment losses were significant at $35,341, contrasting with gains of $60,757 in 2020. For the first half of 2021, net earnings were $50,970, down from a loss of $95,419 in 2020. Shareholders are advised to review the detailed 10-Q report for comprehensive insights.

Biglari Holdings reported strong first-quarter 2021 results, highlighting pre-tax operating earnings of $8,876,000 compared to a loss of $5,973,000 in 2020. Investment gains surged to $84,847,000, a significant turnaround from a loss of $175,742,000 the previous year. The net earnings for Q1 2021 stood at $71,707,000, up from a loss of $137,885,000 in Q1 2020. The company emphasizes that quarterly fluctuations in investments don't reflect ongoing performance, advising shareholders to consult their 10-Q for detailed insights.

Biglari Holdings Inc. has published its 2020 Annual Report, accessible online at www.biglariholdings.com. The report features Sardar Biglari's annual letter to shareholders, detailing the company's financial performance and strategic directions.

Biglari Holdings operates in various sectors, including property and casualty insurance, media, restaurants, and oil and gas. The company primarily focuses on franchising and operating restaurants.