Lubys, Inc. (LUB) Reports Q1 EPS of $0.01, Provides 2013 Outlook

Lubys, Inc. (NYSE: LUB) reported Q1 EPS of $0.01, versus $0.02 reported last year. Revenue for the quarter came in at $74 million, versus $73.2 million reported last year.

Same store sales rose 0.2%.

Outlook

As announced previously, Luby's expects that its same store sales for its fiscal year 2013 will increase between 0.5% and 1.5% and that its restaurant sales will be in the range of $370 million to $375 million, which includes a contribution of approximately $39 million from the newly acquired Cheeseburger in Paradise operation. Luby's anticipates that the acquisition will be accretive to earnings, excluding integration expenses during fiscal 2013. Earnings per diluted share are anticipated to grow to $0.27 to $0.30 in fiscal 2013, due to increased sales and margin expansion

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

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