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Luby’s anticipates moderate food costs

Luby's cafeteria and Fuddruckers parent notes improved 2Q sales

Moderating food costs, especially for beef, and improved same-store sales helped Luby’s Inc. narrow its loss in the second quarter ended March 9, the company said last week.

Executives at the Houston-based parent to the Luby’s cafeteria chain and the Fuddrucker’s and Cheeseburger in Paradise brands said they expect comparatively lower food costs for the rest of the year.

“Our food cost as a percentage of restaurant sales was held by moderating food commodity cost, down

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