Lubys, Inc. (LUB) Reports Q3 Loss of $0.13/Share

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Go back to Lubys, Inc. (LUB) Reports Q3 Loss of $0.13/Share

Luby's Reports Third Quarter Fiscal 2018 Results

July 16, 2018 7:48 AM EDT

HOUSTON, July 16, 2018 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's") today announced unaudited financial results for its twelve-week third quarter fiscal 2018, which ended on June 6, 2018. Comparisons in this earnings release for the third quarter fiscal 2018 are referred to as "third quarter."

Third Quarter Key Metrics(comparisons to third quarter fiscal 2017)

Total sales were $86.0 million, a decrease of 3.1% Same-store sales decreased 0.9% Culinary Contract Services sales increased $2.1 million Loss from continuing operations of $14.1 million in the third quarter compared to loss from continuing operations of $0.4 million in... More