Lubys, Inc. (LUB) Reports Q3 Loss of $0.02/Share, Comps Fall 2.7%

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Go back to Lubys, Inc. (LUB) Reports Q3 Loss of $0.02/Share, Comps Fall 2.7%

Luby's Reports Third Quarter Fiscal 2017 Results

July 12, 2017 4:12 PM EDT

HOUSTON, July 12, 2017 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's") today announced unaudited financial results for its twelve-week third quarter fiscal 2017, which ended on June 7, 2017. Comparisons in this earnings release for the third quarter fiscal 2017 are referred to as "third quarter."

Third Quarter Key Metrics

Same-store sales decreased 2.7% compared to third quarter fiscal 2016, which also represented an improvement sequentially compared to the second quarter fiscal 2017 Culinary Contract Services opened three new locations contributing approximately $1.0 million of revenue in the third quarter Retail product sales generated... More