{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-043276","form_type":"8-K","ticker":"BH-A","cik":"0001726173","company_name":"Biglari Holdings Inc.","filed_at":"2025-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.263867+00:00","generated_at":"2026-05-17T05:06:16.423039+00:00","sec_items":["7.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Steak n Shake reports ~15% same-store sales growth for Q3 fiscal 2025","bullets":["Same-store sales rose ~15% for U.S. operations (company-operated and franchise-partner stores) in the third fiscal quarter.","Metric disclosed by Steak n Shake (Biglari Holdings subsidiary) in a presentation to potential franchisees.","Positive momentum in core burger chain under Biglari's ownership."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-043276","json":"https://secwatch.observer/filing/0001628280-25-043276.json","markdown":"https://secwatch.observer/filing/0001628280-25-043276.md","text":"https://secwatch.observer/filing/0001628280-25-043276.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1726173/000162828025043276/0001628280-25-043276-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1726173/000162828025043276/bh-20250930.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:06:16.423039+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}