Luby’s Inc. on Wednesday reported a 85.4-percent decline in profit for the Aug. 28-ended fourth quarter, which the company blamed on a $1.8-million after-tax loss from the 23-unit Cheeseburger in Paradise chain, which it acquired a year ago. At Luby’s larger Luby’s Cafeteria and Fuddruckers brands, the company said operating results were hampered by higher operating costs, including marketing, softer-than-expected traffic and food inflation. NET INCOME ...
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Contact: Desiree Torres Desiree.Torres@penton.com