Biglari Holdings' profit soars in 2010

Company cites Steak n Shake sales, Western Sizzlin acquisition

Biglari Holdings Inc. more than quadrupled profit for fiscal 2010 on the acquisition of Western Sizzlin and strong sales at Steak n Shake.

The San Antonio-based Biglari Holdings, which also owns Biglari Capital Corp., posted profit of $28.1 million, or $19.99 per share, for the year ended Sept. 29, compared with $6 million, or $4.20 per share. Total revenue rose 7.2 percent to $673.8 million in 2010 from $628.7 million last year, which the company credited to Steak n Shake’s same

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