Luby's Reports Third Quarter Fiscal 2020 Results

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Go back to Luby's Reports Third Quarter Fiscal 2020 Results

Lubys, Inc. (LUB) Reports Q3 Loss of $0.82

July 20, 2020 5:02 PM EDT

Lubys, Inc. (NYSE: LUB) reported Q3 EPS of ($0.82), versus ($0.18) reported last year. Revenue for the quarter came in at $18.99 million, versus $65.61 million reported last year.

Previously announced results of strategic review process conducted by Luby's Board of Directors

On June 3, 2020, we announced that our Board of Directors approved a course of action whereby we will immediately pursue the sale of our operating divisions and assets, including real estate assets, or the sale of the Company in its entirety, and distribute the net proceeds to our stockholders after payment of debt and other... More