Restaurant Job Resource - Luby's Restaurant News

Q2-2012 Same Store Sales Grew 2.2% and Store Level Profit Margin Improved to 15.2%

Restaurant sales were $105.3 million, an increase of $28.5 million compared to the same quarter last year. On a comparable sixteen-week to sixteen-week basis, restaurant sales grew 29.1%, to $99.1 million. During the quarter, same store sales declined 0.6% at the 96 Luby's restaurants compared to the same quarter last year. A decline in customer traffic was partially offset by a 1.7% increase in average customer spending. The 61 company-operated Fuddruckers and Koo Koo Roo locations added approximately $32.1 million to restaurant sales.

Restaurant sales were $78.1 million, an increase of $24.1 million compared to the same quarter last year.

Restaurant sales were $71.8 million, an increase of $21.0 million compared to the same quarter last year. During the quarter, same store sales from the 96 Luby's Cafeterias restaurants rose 2.7% compared to the same quarter last year as an increase in customer traffic was partially offset by an approximate 4.9% decline in average customer spending.

Same Store Sales Rise 5.5%

Magic Brands, LLC, and Fuddruckers, Inc. announced today that the Company has obtained bankruptcy court approval of the sale of substantially all of its assets to Luby’s, Inc (NYSE:LUB).

Luby's, Inc. (NYSE: LUB) announced that it will purchase substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates for approximately $61 million of cash.

Restaurant sales were $50.8 million, a decrease of $7.7 million compared to the same quarter last year. Same-store sales, from a total of 95 restaurants, decreased approximately 12.5%. Sales were impacted by a decline in guest traffic, guest frequency and lower menu prices.

Closing 25 underperforming stores

Restaurant Lowers Prices on More Than 100 Items and Offers 'Buy One Combo, Get One Combo Half Off' Dinner Deal