RISE - Menu Monitor

Expansion Plans |
Luby’s Inc. entered into a multi-year agreement with Baylor College of Medicine to provide foodservice for its Texas Medical
Center campus in Houston. The first new kitchen and dining facility opened on August 13. (Company Release 8/20/07)
Luby’s has announced a five-year growth plan to develop 45–50 new units by 2012. A new prototype is being developed for its
upcoming expansion. The cafeteria chain also reported signing a five-year credit agreement that provides a $50 million
revolving line of credit, which the company has the option of increasing to as much as $100 million. (PR Newswire Online
7/19/07)
Menu Development |
Luby’s has added new entrées to its menu. These include Butter Crusted Tilapia; French Onion Pork; Mushroom Chicken
Madeira, chicken breast pan-grilled with Parmesan cheese and fresh herbs, topped with melted cheese, roasted mushrooms
and a Madeira wine sauce; and Blackened Catfish Tostada, featuring a catfish fillet blackened in Cajun spices, served over
Baja slaw on a crisp tostada shell and topped with a cheese sauce. (Company Website)
Personnel |
Trey Pfeiffer, Purchasing Director
Laurie Shults, S.V.P. of Marketing
William R. Bessette, V.P. of Culinary Development
Christopher Pappas, CEO
Ernest Pekmezaris, CFO
Harris J. Pappas, COO
Luby’s Inc. named Scott Gray chief financial officer, effective April 20. Previously, Gray served as vice president of finance for
the company. (Company Release 1/24/07)
News & Other |
Luby’s Inc. is releasing a cookbook to celebrate its 60th anniversary. The cookbook features 120 of the restaurant’s most
requested recipes and is complete with more than 50 full-color photos. It will be available for $24.95 in all Luby’s restaurants.
(Bizjournals.com 11/8/06)
Luby’s reported for the first quarter ended November 22 net earnings decreased 13.6% to $1.9 million from $2.2 million for the
same period last year. Revenues increased 1.5% to $73.7 million. Same-store sales rose 1.7%. (Company Release 12/19/06)
Luby’s Inc. reported for the first quarter net earnings fell 13.9% to $1.9 million. Revenues rose 1.5% to $73.7 million. Samestore
sales increased 1.7%. (NRN Daily NewsFax 12/27/06)
Luby’s reported for the second quarter same-store sales fell 3.6%. (Company Release 3/1/07)
Luby’s Inc. reported for the second quarter ended February 14, net earnings decreased 42.4% to $1.9 million from $3.3 million
for the same period last year. Revenues fell 3.9% to $72.1 million from $75 million. Same-store sales declined 3.6%.
(Company Release 3/20/07)
Luby’s Inc. will explore a sale of the company or other strategic maneuvers to increase stock value. The company announced
its strategic moves after it lined up $100 million in credit. (NRN Daily NewsFax 7/31/07)
Luby’s Inc. opened its new prototype restaurant in Cypress, TX, on August 21. The prototype features an upscale design and
open floor plan with an open kitchen, oversized windows, granite surfaces and cherry wood walls. The unit is the first new
Luby’s location in seven years. (Company Release 8/21/07)
Luby’s Inc. reported for the fourth quarter ended August 29 net earnings declined to $3.3 million from $7.6 million for the same
period last year. Revenues fell 0.8% to $98.3 million from $99.1 million. Same-store sales declined 2%. For the year, net
earnings declined 44.9% to $10.9 million from $19.6 million. Revenues fell 1.3% to $320.4 million from $324.6 million. Samestore
sales declined 1.5%. (Company Release 10/18/07)
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