Lubys (LUB) Announces a Q3 Revenue Decrease; Will Close Stores

October 15, 2009 4:14 PM EDT

Luby's Inc (NYSE: LUB) reports revenue for the quarter was $80.2 million, versus $94 million in Q08.

Luby's noted the changing economic times, and, "As a result, we have made the decision to close certain locations. As you might imagine, this was a difficult decision for us. I would like to personally thank each of our employees affected by this decision for their dedicated service to Luby's. We would also like to express our sincere appreciation for our customers that have frequented these locations, and we hope they will continue to visit our other nearby locations," said Chris Pappas, Luby's President and CEO.

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