Luby's Reports First Quarter Fiscal 2019 Results

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Go back to Luby's Reports First Quarter Fiscal 2019 Results

Lubys, Inc. (LUB) Reports Q1 Loss of $0.25 on Revenues on $102.95M

January 28, 2019 8:07 AM EST

Lubys, Inc. (NYSE: LUB) reported Q1 EPS of ($0.25), versus ($0.19) reported last year. Revenue for the quarter came in at $102.92 million, versus $113.5 million reported last year.

Total sales were $102.9 millionSame-store sales decreased 5.5%Culinary Contract Services sales increased $2.6 million to $9.5 millionLoss from continuing operations of $7.5 million in the first quarter compared to loss from continuing operations of $5.5 million in the first quarter fiscal 2018Adjusted EBITDA decreased $0.8 million (see non-GAAP reconciliation below)

Chris Pappas, President and CEO, commented, "Our turn-around of the business is underway.... More