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Luby’s closes 25 locations to stem losses

HOUSTON Luby’s Inc. said it would close 25 underperforming cafeterias by month’s end to help stem growing losses, which in its latest quarter totaled $23.3 million, more than seven times its loss in the same quarter a year ago.

The company said one store was closed during its fourth quarter ended Aug. 25, five stores already were closed during the company’s current first quarter, and 19 more are scheduled to close in the next two weeks. Luby’s will then operate 95

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