Steak 'n Shake helps boost Biglari Holdings' 4Q earnings

Biglari Holdings Inc. reported Saturday a 28.3-percent increase in fourth-quarter net income, driven by traffic and same-store sales gains at its Steak ’n Shake chain.

San Antonio, Texas-based Biglari Holdings, which also owns the Western Sizzlin brand, reported net income for the fourth quarter ended Sept. 28 of $10.8 million, or $8.08 a share, compared with $8.4 million, or $6.26 a share, in the same quarter last year. Revenue for the quarter totaled $168.3 million, up from $16

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