Luby's 3Q net income falls 29.7%

Luby's 3Q net income falls 29.7%

Operator pushes forward with restaurant conversion plan

Luby's Inc. net income fell 29.7 percent in the third quarter ended May 7, compared to the year-earlier period.

Houston-based Luby’s said in a statement that conversions of two Cheeseburger in Paradise restaurants to the Fuddruckers brand were “gaining traction.” A third conversion is expected to open later this month, and two more conversions are under way, with openings expected later this summer.

Luby's company-operated restaurant

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