Biglari Holdings reports second quarter 2026 results
Net earnings were $39.9 million in Q2, with Steak n Shake same-store sales up 13.8%.
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In short: Biglari Holdings posted strong Q2 2026 results as Steak n Shake grew sales 13.8% amid a Bitcoin push and political endorsements.
Net earnings were $39.9 million in Q2, with Steak n Shake same-store sales up 13.8%.
Pre-tax operating loss of $4.1 million and net loss of $14.5 million.
The report includes Sardar Biglari's letter and earnings for full year 2025.
The listing is effective August 15, 2025, adding the company to NYSE Texas founding members.
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