Biglari Holdings Q1 net loss of $0.3M; operating earnings $6.0M, down 33% YoY

Biglari Holdings Inc.

Net loss of $0.3M for Q1 2022; compare to net income of $71.7M in Q1 2021 due to investment losses.
Pretax operating earnings declined 33% to $6.0M from $8.9M in prior year.
Investment portfolio swung from $84.8M gain to $6.4M loss; company deems quarterly investment fluctuations not meaningful.
Full financial details available in Form 10-Q posted on Biglari Holdings website.

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