HOUSTON Shares in Luby's Inc. fell nearly 10 percent Thursday, a day after the 120-unit cafeteria operator reported a third-quarter loss on declining customer traffic. Luby's reported Wednesday afternoon a net loss of $1.1 million, or 4 cents a share, for the quarter ended May 6. In the year-ago period, the company posted net income of $949,000, or 3 cents a share. Third-quarter revenue dropped 7.5 percent, to $69 million.Same-store sales in the third quarter fell 8.9 percent, which ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com