Biglari Holdings Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 61.89 million compared to USD 59.44 million a year ago. Revenue was USD 90.94 million compared to USD 92.03 million a year ago. Net loss was USD 56.51 million compared to net income of USD 32.01 million a year ago. Basic loss per share from continuing operations was USD 195.55 compared to basic earnings per share from continuing operations of USD 109.13 a year ago.
For the nine months, sales was USD 187.51 million compared to USD 179.61 million a year ago. Revenue was USD 274.65 million compared to USD 269.77 million a year ago. Net income was USD 10.31 million compared to net loss of USD 42.07 million a year ago. Basic earnings per share from continuing operations was USD 35.44 compared to basic loss per share from continuing operations of USD 140.3 a year ago.