CEO: Steak n Shake poised for global growth

The parent of Steak n Shake is planning to grow the Indianapolis-based burger chain through an aggressive franchising effort that ultimately could take the company global.

In his latest annual letter released to shareholders on Saturday, Sardar Biglari, CEO of San Antonio-Biglari Holdings Inc., said he has commitments for 110 more franchised units that could open within the next few years.

Steak n Shake currently operates 490 restaurants, of which the majority – 413 – are company owned within the chain’s 25-state footprint. But Biglari thinks Steak n Shake is poised to become a worldwide player in the restaurant industry.

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