HOUSTON Luby’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. Luby’s said the weak trends are likely to continue ...
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