Lubys, Inc. (LUB) Reports Q2 Loss of $0.07, SSS Declined 3.8%

Lubys, Inc. (NYSE: LUB) reported Q2 EPS of ($0.07), versus ($0.03) reported last year. Revenue for the quarter came in at $81.06 million, versus $86.31 million reported last year.

Chris Pappas, President and CEO, commented, "During the second quarter we achieved improved cost controls and reduced our capital expenditures as previously planned. Going forward we will continue our efforts to control costs while remaining focused on an enhanced guest experience across all of our brands in a reduced sales environment. In addition, we continue to evaluate under-performing store locations and, when appropriate, close stores to improve overall company profitability."

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

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