{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-054846","form_type":"8-K","ticker":"BH-A","cik":"0001726173","company_name":"Biglari Holdings Inc.","filed_at":"2026-08-07T20:15:38+00:00","discovered_at":"2026-08-07T20:17:00.333789+00:00","generated_at":"2026-08-07T20:17:22.119344+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Biglari Q2 net earnings $39.9M, down from $50.9M; Steak n Shake comps up 13.8%","bullets":["Q2 pre-tax operating earnings $6.3M vs $3.7M year ago; six-month operating earnings $2.1M vs $13.7M.","Q2 net earnings $39.9M vs $50.9M; six-month net earnings $25.4M vs $17.7M.","Investment gains $45.3M in Q2 vs $61.4M prior year; six-month gains $30.6M vs $10.3M.","Steak n Shake same-store sales up 13.8% in Q2 for company-operated and franchise restaurants."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-054846","json":"https://secwatch.observer/filing/0001628280-26-054846.json","markdown":"https://secwatch.observer/filing/0001628280-26-054846.md","text":"https://secwatch.observer/filing/0001628280-26-054846.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1726173/000162828026054846/0001628280-26-054846-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1726173/000162828026054846/bh-20260807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-07T20:17:22.119344+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"}