Officials at Luby’s Inc., the cafeteria and multi-concept burger operator, called second-quarter sales “disappointing,” as the company integrates its recent Cheeseburger in Paradise acquisition into its portfolio. Year-over-year sales for Cheeseburger in Paradise, which the company purchased for $11 million in a deal closed Dec. 6, fell about 12 percent. Luby's expected some decline in the brand’s slower fall and winter months, although weather and other ...
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Contact: Desiree Torres Desiree.Torres@penton.com