HOUSTON Shares in Luby's Inc. fell nearly 10 percent Thursday, a day after the 120-unit cafeteria operator reported a third-quarter loss on declining customer traffic.
Luby's reported Wednesday afternoon a net loss of $1.1 million, or 4 cents a share, for the quarter ended May 6. In the year-ago period, the company posted net income of $949,000, or 3 cents a share. Third-quarter revenue dropped 7.5 percent, to $69 million.
Same-store sales in