Lubys, Inc. (LUB) Reports Q2 EPS of $0.22, Same Store Sales Down 3.3%

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Go back to Lubys, Inc. (LUB) Reports Q2 EPS of $0.22, Same Store Sales Down 3.3%

Luby's Reports Second Quarter Fiscal 2019 Results

April 22, 2019 8:00 AM EDT

HOUSTON, April 22, 2019 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's") today announced unaudited financial results for its twelve-week second quarter fiscal 2019 referred to as "second quarter."  Comparisons in this earnings release are for the second quarter compared to second quarter fiscal 2018.

Second Quarter Key Metrics

Same-store sales decreased 3.3% Culinary Contract Services sales increased by 28% to $7.5 million, up from $5.9 million Income from continuing operations of $6.6 million (including $12.7 million in gains on sales of property) compared to loss of $11.5 million in the second quarter fiscal 2018 Store level... More