Luby’s hurt by rising food costs

Luby’s hurt by rising food costs

Heard on the call: Luby's sees brisk 2Q traffic, but lower checks and higher costs

Luby’s Inc. said it would keep a cautious eye on commodity prices after higher food costs hurt the bottom line in the second quarter.

The parent company of 96 Luby’s Cafeterias and 185 Fuddruckers units reported a loss of $211,000, or 1 cent per share, for the Feb. 9-ended second quarter, compared with profit of $141,000, or about 1 cent per share, in the same quarter last year. Excluding special items, income from continuing operations was $27,000 compared with $56,000 in

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