SAN ANTONIO (AP) — SAN ANTONIO (AP) — Biglari Holdings Inc. (BH) on Friday reported second-quarter net income of $50.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the San Antonio-based company said it had net income of $194.57. Earnings, adjusted for non-recurring gains, were $9.17 per share.
The investment firm that owns or has holdings in Steak ‘n Shake and Cracker Barrel restaurants, as well as Maxim magazine posted revenue of $100.6 million in the period.
Biglari shares have increased slightly more than 8% since the beginning of the year. In the final minutes of trading on Friday, shares hit $275.37, a climb of 46% in the last 12 months.
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