Lubys, Inc. (LUB) Reports Q2 Loss of $0.37

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Go back to Lubys, Inc. (LUB) Reports Q2 Loss of $0.37

Luby's Reports Second Quarter Fiscal 2018 Results

April 23, 2018 8:00 AM EDT

HOUSTON, April 23, 2018 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's") today announced unaudited financial results for its twelve-week second quarter fiscal 2018, which ended on March 14, 2018. Comparisons in this earnings release for the second quarter fiscal 2018 are referred to as "second quarter."

Second Quarter Key Metrics(comparisons to second quarter fiscal 2017)

Total sales were $82.2 million, a decrease of 4.8% Same-store sales decreased 3.7% Culinary Contract Services sales increased $3.0 million; Opened three new locations in the second quarter Loss from continuing operations of $11.1 million in the second quarter... More