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Luby's Inc (LUB.N)

LUB.N on New York Stock Exchange

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13 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Luby's Q3 Loss Per Share $0.18 From Continuing Operations
Monday, 15 Jul 2019 

July 15 (Reuters) - Luby's Inc ::LUBY'S REPORTS THIRD QUARTER FISCAL 2019 RESULTS.Q3 LOSS PER SHARE $0.18 FROM CONTINUING OPERATIONS.Q3 SAME STORE SALES FELL 4 PERCENT.ENDED Q3 WITH NET DEBT OF $32.6 MILLION, A DECREASE FROM $35.8 MILLION AT END OF FISCAL 2018.WHILE OUR SAME-STORE SALES HAVE NOT YET ACHIEVED IMPROVEMENT WE ARE STRIVING FOR.SEE A NUMBER OF POSITIVE DEVELOPMENTS BASED ON OUR RECENT EFFORTS AND INITIATIVES AIMED AT GROWING GUEST TRAFFIC.QTRLY TOTAL RESTAURANT SALES $65.6 MILLION VERSUS $77.8 MILLION.  Full Article

Bandera Partners Issues Public Letter To Luby's Stockholders
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - Bandera Partners LLC::BANDERA PARTNERS LLC - BANDERA, WHICH OWNS APPROXIMATELY 9.8% OF LUBY'S COMMON STOCK, HAS ISSUED A PUBLIC LETTER TO LUBY'S STOCKHOLDERS.BANDERA PARTNERS - SEEKS REMOVAL OF FOUR LUBY'S DIRECTORS: CHRISTOPHER PAPPAS, HARRIS PAPPAS, FRANK MARKANTONIS, AND LUBY'S CHAIRMAN GASPIR MIR, III.BANDERA PARTNERS - BELIEVES REMOVING PAPPAS RESTAURANTS AFFILIATED DIRECTORS & INCUMBENT CHAIRMAN WILL BEST POSITION NEW LUBY'S BOARD "FOR SUCCESS".  Full Article

Luby's Says It Entered Third Amendment Amending Agreement Dated As Of Nov 8, 2016
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Luby's Inc ::LUBY'S - ON AUG 24, ENTERED THIRD AMENDMENT AMENDING AGREEMENT DATED AS OF NOV 8, 2016.LUBY'S - LENDERS AGREED TO WAIVE EXISTING EVENTS OF DEFAULT AS OF EFFECTIVE DATE OF THIRD AMENDMENT.LUBY'S - LENDERS AGREED TO WAIVE REQUIREMENTS THAT CO COMPLY WITH SOME FINANCIAL COVENANTS UNTIL DEC 31, 2018.  Full Article

Luby's Inc Adopts Stockholders Rights Agreement
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Luby's Inc ::LUBY'S, INC. ADOPTS STOCKHOLDERS RIGHTS AGREEMENT.‍BOARD OF DIRECTORS UNANIMOUSLY ADOPTED A STOCKHOLDERS RIGHTS PLAN WITH A 10% TRIGGERING THRESHOLD​.SAYS RIGHTS PLAN IS EFFECTIVE IMMEDIATELY.‍OPERATIONS AND EARNINGS PER SHARE WILL NOT BE AFFECTED BY ADOPTION OF RIGHTS PLAN​.  Full Article

‍Bandera Partners LLC reports a 5.1 pct stake in Luby's Inc as of Nov 14
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Luby's Inc :‍Bandera Partners LLC reports a 5.1 percent stake in luby's inc as of November 14 - SEC Filing​.‍bandera Partners says purchased Luby's Inc's shares in belief that they were "undervalued" and "represented attractive investment opportunity".  Full Article

Luby's reports fiscal year 2017 and fourth quarter results
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Luby's Inc :Luby's reports fiscal year 2017 and fourth quarter results.Q4 loss per share $0.06 from continuing operations excluding items.Q4 loss per share $0.14 from continuing operations.Luby's Inc - ‍Luby's cafeterias same-store sales decreased 4.5% in Q4​.Luby's Inc - ‍fuddruckers restaurants same-store sales decreased 3.6% in q4​.Luby's Inc - ‍restaurant sales in q4 decreased to $79.1 million versus $91.8 million​.Luby's Inc qtrly ‍total sales $86.6 million versus $97.7 million.  Full Article