Luby's posts 1Q loss, but sales rise

Costs from Fuddruckers acquisition weigh down bottom line

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

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.