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Luby's

Financing

Luby’s losses deepen to $9.1M for Q4

The company posted a decline in comps on a drop in traffic for all three of its restaurant brands and announced an outsourcing of several headquarters functions.

Financing

Luby’s starts looking for a buyer

The multiconcept operator has begun the process of evaluating “strategic alternatives.”

Financing

Luby’s posts another loss after closing 30 restaurants

By Peter Romeo on Jul. 15, 2019

Comps slipped by an average of 4% across its three restaurant brands.

Top 500 Chains

Luby's

May 03, 2019

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

Operations

Luby’s hires a turnaround consultant

By Heather Lalley on Apr. 22, 2019

The restaurant company, which has closed 27 units in the past year, saw same-store sales decline 3.3% in the recent quarter.

Operations

Luby’s sales and traffic continue to plummet

By Heather Lalley on Jan. 28, 2019

Executives, who say they’re in the midst of a turnaround, plan to focus on marketing to reverse a 5.5% drop in same-store sales for Q1.

Operations

Luby’s activist investor doesn’t win shareholder support

By Heather Lalley on Jan. 25, 2019

Bandera Partners lost its bid to remake the struggling chain’s board at the annual shareholder meeting.

Leadership

Luby’s tries to stave off activist with board shake-up

By Heather Lalley on Jan. 18, 2019

Facing a proxy fight, the struggling casual-dining chain is adding two new board members and modifying its governance rules.

Leadership

Luby’s and activist investor spar in proxy fight

By Heather Lalley on Jan. 09, 2019

With a shareholders’ meeting looming, Luby’s says it’s in the midst of turning its troubled casual-dining company around.

Leadership

Activist investor sends holiday message to Luby’s

By Heather Lalley on Dec. 21, 2018

The “Carol for Luby’s Shareholders” stokes the brewing proxy fight over the embattled chain.

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