Saturday, September 26, 2020
Financial Results News

Luby’s Reports Third Quarter Fiscal 2020 Results, Revenue Decreased 74% to 19 Million

Luby’s, Inc. (NYSE: LUB) announced unaudited financial results for its twelve-week third quarter fiscal 2020 ended June 3, 2020, referred to as “third quarter.”  Comparisons in this earnings release are for the third quarter compared to the twelve-week third quarter fiscal 2019.

Luby’s Reports Third Quarter Fiscal 2020 Results

Luby’s restaurant sales were significantly impacted (like all restaurant operators) by the unprecedented nature of the COVID-19 pandemic and sate and local governments’ responses, which resulted in temporary store closures and limited service at operating stores.

As of the date of this release, Luby’s is operating 43 stand-alone Luby’s Cafeterias, 3 Combo locations, and  17 Fuddruckers Restaurants.   The remaining locations (included in the restaurant counts as of June 3, 2020 above) were classified as temporarily closed.

Luby’s Reports Third Quarter Fiscal 2020 Results

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