Biglari Holdings reports Q2 net loss of $73.8M driven by $108.8M investment losses

Biglari Holdings Inc.

Pre-tax operating earnings rose to $12.3M in Q2 2022 from $8.4M in Q2 2021.
Investment losses of $108.8M resulted in net loss of $73.8M vs net loss of $20.7M a year ago.
First-half 2022 net loss of $74.1M vs net earnings of $51.0M in 2021.
Company says investment fluctuations are not meaningful for analyzing operating results.

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