HOUSTON Lubyâ€™s Inc., operator of 96 cafeterias and a contract feeding division serving 15 sites, said last week that consumer confidence and spending is not likely to improve next year, leading to continued softness in restaurant sales and a net loss for the company. The Houston-based company has reported widening net losses for the past three quarters and in October closed 25 underperforming locations to help bolster its cash flow. Lubyâ€™s said the weak trends are likely to continue ...
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