Lubys, Inc. (LUB) Reports Q4 Loss of $0.30

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Go back to Lubys, Inc. (LUB) Reports Q4 Loss of $0.30

Luby's Reports Fourth Quarter and Fiscal Year 2019 Results

November 26, 2019 8:00 AM EST

HOUSTON, Nov. 26, 2019 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's") today announced financial results for its fifty-two week fiscal year 2019 and its twelve-week fourth quarter fiscal 2019, which ended on August 28, 2019.  Comparisons in this press release for the fourth quarter fiscal 2019 are referred to as "fourth quarter". Comparisons to the fourth quarter fiscal 2018 are to the twelve-week period that ended August 29, 2018.

Fiscal Fourth Quarter Summary:

Same-store sales decreased 3.7%; total sales decreased 14.9% to $71.4 million due in large part to operating 22 fewer stores.... More