Company snapshot: Luby’s Inc.
Luby’s Inc.’s Luby’s Cafeterias division, in the fourth quarter ended Aug. 29, saw same-store-sales growth of 3.9 percent, versus a 4.5-percent fall in the same year-earlier quarter. That quarterly improvement contributed to a full-year comps rise of 1.5 percent, compared with the preceding fiscal year’s 3.3-percent dip. Meanwhile, its company-operated Fuddruckers restaurants saw same-store sales decline of 3.9 percent, compared with the same year-earlier quarter’s 3.6-percent decline. Traffic was off 8.3 percent and 7.6 percent in the fourth quarters of fiscal 2018 and fiscal 2017, respectively.