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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 Sizzlin....now 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...

 
BH
410.00-4.50(-1.09%)Jul 11 4:00 PMEDT

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