Steak n Shake


Steak n Shake logoSteak ‘n Shake is a subsidiary of San Antonio, Texas-based Biglari Holdings Inc. [Ticker: BH]. The full-service restaurant brand has more than 500 units and U.S. systemwide sales of $874 million. The company has also opened a “Signature” version aimed at the fast-casual market. The Steak ‘n Shake brand is more than 75 years old; the first unit opened in 1934 in Normal, Ill. Biglari Holdings also owns the Western Sizzlin brand.

Chain Snapshot

Segment: Family/Quick Service

Headquarters: San Antonio, Texas

CEO: Sardar Biglari

Financial Data

Systemwide Sales: $874 million (U.S., FY 2013)

Total Units: 518
(U.S., FY 2013)

Sales Per Unit: $1.72 million (Estimated, FY 2013)

Source: NRN Top 100 report


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