Biglari says Steak n Shake achieving SSS growth in excess of 15% for U.S. ops

In a regulatory filing, Biglari (BH) said that affiliates may purchase additional shares of Class A and/or Class B common stock of the company. At September 30, 2025, the company’s book value per Class A equivalent share was $2,244.26 and book value per Class B equivalent share was $448.85. The company’s stock currently sells at a discount to its per share book value, Biglari said. Steak n Shake Inc., a wholly owned subsidiary of the company, is currently achieving same-store sales growth in excess of 15% for its U.S. operations for its fourth quarter to date, Biglari added.