Luby's Inc. swung to a profit in the fourth quarter from a year-ago loss, aided by increased sales from its acquisition of the Fuddruckers gourmet burger chain. For the quarter ended Aug. 25, Luby's reported net income of $516,000, or 2 cents per share. That compares with a loss of $23.3 million, or 83 cents per share, in last year's fourth quarter, when the company booked heavy impairment charges related to the closure of 25 underperforming stores. Revenue in the latest quarter rose 8.9 ...
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?