Biglari Holdings posted a Q3 net profit of $1.01 million as Steak n Shake same-store sales jumped 18.2%, offsetting a decline in nine-month operating earnings compared to 2025.
Q3 2026 pre-tax operating earnings rose to $9,874 thousand from $6,854 thousand a year earlier, and the company swung to a net profit of $1,014 thousand from a $5,291 thousand loss. Steak n Shake same-store sales jumped 18.2%. However, nine-month operating earnings fell to $12,007 thousand from $20,521 thousand, tempering the positive read.
Q3 2026 pre-tax operating earnings were $9,874 thousand, up from $6,854 thousand a year earlier, and net earnings were $1,014 thousand versus a $5,291 thousand loss in Q3 2025, helped by an 18.2% rise in Steak n Shake same-store sales.
Not entirely: for the first nine months of 2026, pre-tax operating earnings of $12,007 thousand were well below the $20,521 thousand earned in the same period of 2025, although net earnings of $26,409 thousand exceeded the prior year's $12,365 thousand.
Biglari Holdings reported a strong third quarter for 2026, with pre-tax operating earnings climbing to $9.87 million from $6.85 million in the prior-year period. The company swung to a net profit of $1.01 million, bolstered by an 18.2% increase in same-store sales at its Steak n Shake restaurant chain.
Q3 2026 pre-tax operating earnings were $9,874 thousand, up from $6,854 thousand a year earlier, and net earnings were $1,014 thousand versus a $5,291 thousand loss in Q3 2025, helped by an 18.2% rise in Steak n Shake same-store sales.
Not entirely: for the first nine months of 2026, pre-tax operating earnings of $12,007 thousand were well below the $20,521 thousand earned in the same period of 2025, although net earnings of $26,409 thousand exceeded the prior year's $12,365 thousand.