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Luby's Inc's first-quarter loss widened. “These results are not acceptable," said Chris Pappas, CEO and president, on an earnings call.

Luby’s continues to struggle with financial results in Q1

Losses “are not acceptable” and below level to needed stabilize company, says CEO Chris Pappas

Luby’s Inc., parent to the cafeteria chain and Fuddruckers burger brand, saw traffic increase in the first quarter ended Dec. 18, but continued to post losses, the company said Monday.

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