Luby's posts 3Q loss on falling sales

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 th

Register to view the full article

Register to view this article

Already a member? .

TAGS: Finance News
Hide comments

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.
Publish