BIGLARI HOLDINGS INC. NEWS RELEASE

SAN ANTONIO, May 5, 2023 /PRNewswire/ — Biglari Holdings Inc. (NYSE: BH.A; BH) announces its results for the first quarter of 2023. Biglari Holdings Inc.’s earnings for the first quarter 2023 and 2022 are summarized below. To become fully apprised of our results, shareholders should…