Parent of cafeteria and Fuddruckers brands looks to shave costs with change
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Luby’s Inc. is moving toward outsourcing part of its corporate systems to an outside firm, company executives said Tuesday.
As the Houston-based parent to the Luby’s Cafeteria and fast-casual Fuddruckers burger brands reported net losses that widened in the fourth quarter, executives said they were addressing negative same-store sales, lagging traffic and corporate overhead.
“We're transitioning portions of our accounting, payroll, operational reporting and other back-office functions to a leading multiunit restaurant outsourcing firm,” said Chris Pappas, Luby’s CEO, in an earnings call. Pappas did not mention the firm’s name.
“We hope to be completing the transition in the first calendar quarter of 2020 on some of these changes,” he said, ...
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