Lubys, Inc. (LUB) Reports Q1 Loss of $0.07

Lubys, Inc. (NYSE: LUB) reported Q1 EPS of ($0.07), versus ($0.09) reported last year. Revenue for the quarter came in at $113.55 million, versus $80.56 million reported last year.

First Quarter Highlights

• Total same-store sales increased 1.4%
• Luby's Cafeterias same-store sales increased 1.2%
• Fuddruckers same-store sales increased 1.3%
• Cheeseburger in Paradise same-store sales increased 5.5%
• Total restaurant sales increased 2.1%
• Opened two company-owned Fuddruckers restaurants located in Wisconsin and Indiana
• Opened six new Fuddruckers franchise restaurants
• Store Level Profit grew to 14.8% compared to 12.8% during the comparable 16 weeks last year
• Expenses declined in Cost of food, Payroll and related costs, Other operating and Occupancy costs
• Combo location sales grew to $7.0 million, representing 6.2% of total restaurant sales
• Adjusted EBITDA increased to $5.7 million compared to $3.3 million during the comparable 16 weeks last year

For earnings history and earnings-related data on Lubys, Inc. (LUB) click here.

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