BIGLARI HOLDINGS INC. (BH, Financial) filed Quarterly Report for the period ended 2010-04-14.
Biglari Holdings Inc. has a market cap of $411.1 million; its shares were traded at around $286.33 with a P/E ratio of 24.6 and P/S ratio of 0.7. BH is in the portfolios of Jim Simons of Renaissance Technologies LLC.
Net earnings through the second quarter of fiscal year 2010 were $11,001, or $7.66 per diluted share, contrasted with a net loss of ($1,187) or ($0.84) per diluted share for the same period in fiscal year 2009. Same-store sales increased 8.9% compared with the same period in the prior year. Net sales increased 8.0% from $318,694 to $344,236 in the current year.
We recorded net earnings of $5,524, or $3.84 per diluted share, for the current quarter as compared with net earnings of $2,253 or $1.58 per diluted share for the second quarter of fiscal year 2009.
We recorded net earnings of $11,001 or $7.66 per diluted share for the current year-to-date period contrasted to a net loss of ($1,187), or ($0.84) per diluted share, for the same period of fiscal year 2009.
Net cash used in investing activities of $3,092 for the twenty-eight weeks ended April 14, 2010 included purchases of investments of $9,532. Net cash provided by investing activities of $3,978 during the twenty-eight weeks ended April 8, 2009 resulted primarily from proceeds of $6,590 related to the sale of three parcels of land, one restaurant property, and the transfer of two buildings as well as equipment to a franchisee.
Net cash used in financing activities of $4,182 during the twenty-eight weeks ended April 14, 2010 included $711 of cash paid to shareholders in lieu of fractional shares related to the 1-for-20 reverse stock split effective as of December 18, 2009, and also included a $1,000 principal payment on Steak n Shake s revolving credit facility. Net cash used in financing activities of $1,626 for the twenty-eight week period ended April 8, 2009 included net proceeds of $7,400 from Steak n Shake s revolving credit facility.
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Biglari Holdings Inc. has a market cap of $411.1 million; its shares were traded at around $286.33 with a P/E ratio of 24.6 and P/S ratio of 0.7. BH is in the portfolios of Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
Net earnings for the second quarter of fiscal year 2010 were $5,524, or $3.84 per diluted share, compared to net earnings of $2,253 or $1.58 per diluted share for the second quarter of fiscal year 2009. Same-store sales increased 5.1% compared with the same quarter in the prior year. Net sales increased 4.6% from $187,975 to $196,650 in the current quarter.Net earnings through the second quarter of fiscal year 2010 were $11,001, or $7.66 per diluted share, contrasted with a net loss of ($1,187) or ($0.84) per diluted share for the same period in fiscal year 2009. Same-store sales increased 8.9% compared with the same period in the prior year. Net sales increased 8.0% from $318,694 to $344,236 in the current year.
We recorded net earnings of $5,524, or $3.84 per diluted share, for the current quarter as compared with net earnings of $2,253 or $1.58 per diluted share for the second quarter of fiscal year 2009.
We recorded net earnings of $11,001 or $7.66 per diluted share for the current year-to-date period contrasted to a net loss of ($1,187), or ($0.84) per diluted share, for the same period of fiscal year 2009.
Net cash used in investing activities of $3,092 for the twenty-eight weeks ended April 14, 2010 included purchases of investments of $9,532. Net cash provided by investing activities of $3,978 during the twenty-eight weeks ended April 8, 2009 resulted primarily from proceeds of $6,590 related to the sale of three parcels of land, one restaurant property, and the transfer of two buildings as well as equipment to a franchisee.
Net cash used in financing activities of $4,182 during the twenty-eight weeks ended April 14, 2010 included $711 of cash paid to shareholders in lieu of fractional shares related to the 1-for-20 reverse stock split effective as of December 18, 2009, and also included a $1,000 principal payment on Steak n Shake s revolving credit facility. Net cash used in financing activities of $1,626 for the twenty-eight week period ended April 8, 2009 included net proceeds of $7,400 from Steak n Shake s revolving credit facility.
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