UPDATE: Lubys, Inc. (LUB) Reports Q1 Loss of $0.13 on Revenues of $114.13M

Lubys, Inc. (NYSE: LUB) reported Q1 EPS of ($0.13). Revenue for the quarter came in at $114.13 million.

Loss from continuing operations was $4.9 million, or a loss of $0.17 per diluted share, compared to a loss of $5.5 million, or a loss of $0.19 per diluted share, in the first quarter fiscal 2017. Excluding special non-cash items, loss from continuing operations was $3.7 million, or a loss of $0.13 per diluted share, in the first quarter compared to a loss of $4.8 million, or $0.17 per diluted share, in the first quarter fiscal 2017. Loss from continuing operations, excluding special items, is a non-GAAP measure, and reconciliation to loss from continuing operations is presented below.

First Quarter Key Metrics(comparisons to first quarter fiscal 2017)

• Same-store sales increased 0.8%
• Culinary Contract Services sales increased $3.2 million
• Adjusted EBITDA increased $1.1 million
• Three new Fuddruckers franchise locations opened (one international location in Mexico, and domestic locations in Florida and Pennsylvania) in the first quarter
• Capital expenditures decreased $0.7 million

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

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