Luby's returns to profit in 2Q

Luby's Inc., parent to the Luby’s cafeteria chain and Fuddruckers burger concept, swung to a profit in its second quarter from a year ago loss, the company said Tuesday.

Houston-based Luby’s booked a profit of $1.4 million, or 5 cents a share, for the second quarter ended Feb. 15, compared with a loss of $300,000, or 1 cent a share, in the same quarter last year. Last year’s quarter included $300,000 in after-tax expenses related to the acquisition of Fuddruckers.

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