trending Market Intelligence /marketintelligence/en/news-insights/trending/1cqvyZRViNoJ_a3IYo59DQ2 content esgSubNav
In This List

Luby's fiscal Q1 loss narrows YOY

Blog

Debt Ceiling Debate: IR Teams Should Prepare for Potential Market Downturns

Case Study

Central European Broadcaster Monetizes Content with a New Online Streaming Service

Case Study

Financial Data Provider Quickly Realizes Value of Upgraded Charting Solution

Blog

Insight Weekly: Sustainable bonds face hurdles; bad loans among landlords; AI investments up


Luby's fiscal Q1 loss narrows YOY

Luby's Inc. said its normalized net income for the fiscal first quarter ended Dec. 16, 2015, came to a loss of 6 cents per share, compared with a loss of 9 cents per share in the first quarter ended Nov. 19, 2014.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.7 million, compared with a loss of $2.7 million in the first quarter ended Nov. 19, 2014.

The normalized profit margin climbed to negative 1.4% from negative 3.1% in the year-earlier period.

Total revenue rose 39.0% on an annual basis to $120.7 million from $86.9 million, and total operating expenses increased 34.8% from the prior-year period to $122.6 million from $91.0 million.

Reported net income came to a loss of $1.7 million, or a loss of 6 cents per share, compared to a loss of $2.9 million, or a loss of 10 cents per share, in the first quarter ended Nov. 19, 2014.