NYSE$BH

Biglari Holdings Inc-B · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Biglari Holdings' financial performance for Q2 2024 was announced, revealing a net loss attributable to shareholders despite pre-tax operating earnings.

Biglari Holdings Inc. reported a net loss attributable to shareholders of $48.19 million for the second quarter of 2024, despite pre-tax operating earnings of $19.70 million. Investment losses significantly impacted the reported earnings.

  • Biglari Holdings reported a net loss attributable to shareholders of $48.19 million for Q2 2024.
  • Pre-tax operating earnings for Q2 2024 were $19.70 million.
  • Investment losses of $82.62 million negatively impacted the quarterly earnings.
  • The company focuses on operating business performance, excluding investment gains/losses, for analysis.

Headline financials

Total Revenue

$91.1M

Previous: $93.5M-2.6%
EPS

-$171.89

Previous: $6.64-2688.7%
Weighted avg Class A equiv.

280.4K

No prior period
Investment partnership gains

-$79.9M

No prior period
Capital Expenditures

-$16.4M

Previous: -$10.6M-55.6%
Free Cash Flow

$4.48M

Previous: $21M-78.6%
Net Income

-$48.2M

Previous: $1.94M-2589.2%
Operating Income

-$49.9M

Previous: -$62.4M+20.0%
Gross Profit

$54.3M

Previous: $58.6M-7.4%
Cash & Equivalents

$26.9M

Previous: $30.9M-12.9%
Total Assets

$809M

Previous: $890M-9.1%

Revenue & EPS history

Biglari Holdings · Revenue · Quarterly

$91.1M

Q2 2024-2.6%vs Q2 2023

Forward guidance

The press release includes forward-looking statements subject to risks and uncertainties, and actual results may differ materially. The company does not update forward-looking statements.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.8%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+3.1%

Avg return

30 days after

54%

33 / 61 earnings

Positive

+23.7%

Q4 2021

Best reaction

-14.0%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.6%-15.8%-2.3%
Q4 2025+0.8%-21.5%-14.2%
Q3 2025-8.6%-10.8%-12.0%
Q1 2025+0.1%+1.9%+13.0%
Q4 2024+0.8%+2.6%+11.5%
Q3 2024-3.0%+13.4%+27.7%
Q2 2024-8.4%-7.9%-10.4%
Q1 2024-3.2%+2.1%-6.6%
Q4 2023+7.0%+5.9%+22.8%
Q3 2023-2.5%-4.4%-2.7%
Q2 2023-4.1%-3.6%-8.4%
Q1 2023+1.0%-0.5%+15.6%
Q4 2022+4.6%+3.7%-5.6%
Q3 2022+2.0%+0.8%+4.2%
Q2 2022+5.3%+4.7%+0.9%
Q1 2022+1.1%-3.2%-5.0%
Q4 2021+23.7%+39.9%+25.4%
Q3 2021-1.8%-3.4%-14.5%
Q2 2021-0.6%+5.9%+3.7%
Q1 2021+11.8%+6.1%+18.8%
Q4 2020+16.3%+31.6%+13.3%
Q3 2020+15.8%+10.3%+41.8%
Q2 2020+16.9%+20.3%+34.2%
Q1 2020-5.3%-14.5%+43.3%
Q4 2019+2.6%-6.1%-62.0%
Q3 2019+11.4%+20.0%+35.1%
Q2 2019+3.3%+12.8%+1.0%
Q1 2019-14.0%-14.3%-32.9%
Q4 2018-0.2%-6.2%-3.7%
Q3 2018+0.3%-1.0%-3.8%
Q2 2018-2.3%+0.3%+6.5%
Q1 2018-2.6%+3.3%+5.2%
Q4 2017+0.4%-1.5%-3.3%
Q3 2017-6.8%-7.9%-7.0%
Q2 2017-8.9%-14.5%-17.4%
Q1 2017-3.5%-5.4%-9.8%
Q4 2016+1.1%-2.9%-5.5%
Q3 2016+1.6%+8.0%+10.7%
Q2 2016+1.3%+5.4%+11.6%
Q1 2016-0.9%
Q4 2015+0.2%
Q3 2015-1.3%
Q2 2015-1.0%
Q1 2015+0.1%
Q3 2014-2.4%
Q2 2014+0.6%
Q1 2014-3.5%
Q3 2013-0.9%
Q1 2013+1.1%
Q4 2012+3.5%
Q3 2012+2.0%
Q2 2012+0.7%
Q1 2012+3.7%
Q4 2011+1.8%
Q3 2011-6.4%
Q2 2011+1.8%
Q1 2011-0.1%
Q4 2010-1.3%
Q3 2010-0.4%
Q2 2010-5.9%
Q1 2010-0.2%

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