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Biglari Holdings Inc. Message Board

  • art_vandelay_7 art_vandelay_7 Jan 28, 2012 12:17 PM Flag

    Western Sizzlin

    A little check up on Western down to 92 stores.

    Western included financial projections in the S-4 filed with the SEC in connection with the BH merger.

    For 2011, they projected $23,231 in revenue and $2,945 in operating earnings.

    For 2011, they had revenue of $16,057 and operating earnings of $2,393.

    So, revenue was 31% below projections and earnings were 19% below projections.

    I haven't been following this too closely, did BH sell some of the restaurant ops that it bought from Western? If not, I'd say Biglari needs to work on his projections...

342.54-1.46(-0.42%)Sep 19 4:02 PMEDT

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