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0.0320512820512821 0.0576923076923077 0.0256410256410257 0.0384615384615385 -0.0192307692307692 -0.0192307692307692 -0.0192307692307692 -0.0192307692307692
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Luby's Reports First Quarter Fiscal 2019 Results

Luby's, Inc. (LUB) 
US:NYSE Investor Relations: lubysinc.com/investors
Company Research Source: PR Newswire
HOUSTON, Jan. 28, 2019 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's") today announced unaudited financial results for its sixteen-week first quarter fiscal 2019, which ended on December 19, 2018. Comparisons in this earnings release for the first quarter fiscal 2019 are referred to as "first quarter."First Quarter Key Metrics(comparisons to first quarter fiscal 2018)Total sales were $102.9 million Same-store sales decreased 5.5% Culinary Contract Services sales increased $2.6 million to $9.5 million Loss 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 2018 Adjusted EBITDA decreased $0.8 million (see non-GAAP reconciliation below)Chris Pappas, President and CEO, commented, "Our turn-around of the business is underway.  While sales pressure persisted in the first quarter, we reduced our food and operating costs at a greater percentage than the sales declined. In addition, we have Show less Read more
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