Luby's posts 1Q loss, but sales rise

Luby's Inc. said sales rose at its cafeteria chain for the first quarter, but costs related to the acquisition of Fuddruckers led it to a net loss.

For the first quarter ended Nov. 17, Luby’s reported a net loss of $2.3 million, or 8 cents a share, compared with a loss of $3.7 million, or 13 cents a share, in the same quarter a year earlier. Revenue for the quarter rose to $75.3 million from $52.3 million a year ago.

The Houston-based company said same-store sales at its 9