Luby's Cafeteria's are, although seemed old fashion for a time, an actual refreshing delite from the endless fast food and fast casual experience, if you can keep the prices reasonable.....Koo Koo Roo needs to go..........$28 bucks for a chicken and 3 sides, please!!!....Go to Costco and get 2 chickens and 3 sides for $20.........or any national grocery store and get the same ....Fudds is their best venture prospects for superfast growth, just tweak the plan to become between fast food and fast casual....Order/pay in line and have customer pick up (In and Out/Fatburger) and please change the dress/decor........Cheeseburger in Paradise.....Way too many menu items....the menu is a mess....wrap-burgers-entre-apps....too much stuff going on here....BUT KEEP THE CHOCOLATE NACHOS......and don't forget the conscession biz....All in all LUB could be huge in 10-15 yrs if you execute right....
Great news. the past week, LUB signed an agreement with the system of 3 hospitals in its home base of Houston. This agreement includes food service for over 750 beds in the hospitals, as well as a large retail food court component. These operations are expected to start around March of 2014. "We're excited to be chosen again as a trusted partner to provide our well-recognized menu offering in a hospital setting" management quoted..
that was fiscal 2013...we are already in F 2014, and they have already guided same store sales to be up 1%
The slowing economic environment that we experienced fiscal year to date appears to have moderated some in the third quarter. We expect our same-store sales results for fiscal year 2013 to be within our previously estimated range of "approximately flat to down 1.0%." Commensurate with this outlook, we believe restaurant sales for the fiscal year to be within the range of $362 million to $366 million, including a contribution of between $35 million and $36 million from the Cheeseburger in Paradise operation acquired earlier in the fiscal year. Earnings per diluted share are anticipated to be in the range of $0.19 to $0.22 as the positive contribution from new stores is offset by short term profit margin erosion at our legacy restaurants. Our EPS range has been lowered by $0.02 due to lower estimated sales from Cheeseburger in Paradise.
This outlook is sensitive to changes in economic conditions and the effects of other risks and uncertainties described in the Company's annual and quarterly reports on Forms 10-K and 10-Q filed with the Securities Exchange Commission.
Luby's will continue to expand its geographic footprint and anticipates opening one relocated cafeteria unit by the end of fiscal 2013 and three to five additional units by the end of calendar 2013.
Profitability is contingent on same-store sales growth as well as effective management of our expenses. We remain cautious about the general political and economic environment and its impact on customer traffic
Management sent private equity buyers packing when they were offering much more than 9 dollars per share. The stock has been heading lower over the last several months despite a huge bull market in restaurant stocks. Why? Bad brands with no growth potential. I also think there may be a few folks like me who think spending millions building a Luby's is a poor choice for capital allocation.
I am a huge fan of Pappas family and their life long accomplishments in the restaurant and real estate industries. I was a shareholder up until about 7 months ago. I visited a CIP and the staff informed me of the impending collapse of the store which they told me was one of their best locations. I also watched the dollars being invested in building new cafeterias which I thought was probably the last place a restaurant pro would invest. Fuddruckers is the best of 3 weak brands. I assumed the plan was to purchase these assets super cheap and drive profits through franchising and reducing expenses with economies of scale and improved management. I assumed the cash flow would be used to fund the purchase of a small brand with big growth prospects. My question is why does this stock sell for more than 5 dollars per share?
Meant to say , they have closed some locations of Luby's ...meaning rev's could be down from the closed Luby's...
Luby is building out stores of Fudd's,,,,& they have closed some locations....Rev's could be down on that to come this CCall...& Cash can be less if the build outs cost more then they figured also.......The other day news was just a warning for Cheese only...
the market sure shrugged it off..actually tacked on a gain to the stock price..Cheeseburger in Paradise represents just a tiny part of LUB's sales anyways...
Cheeseburger in Paradise, which was acquired in December 2012, generated $35.7 million in restaurant sales, $3.3 million below our initial expectations.
Thats 8.5% below expectations. Thats a big miss.
is adding FUDD's to many of it's locations.. I am wondering how all this construction spending & loss of income from closed locations will hit the Q report......& that summer is their slow season.. Any opinions??
they are setting up the company for an eventual sale. The Pappas brothers wish to finally cash in at a nice premium. Look for a $11 cash price to close the deal.
If Luby's puts out another news release of a new franchise development partnership in other states, then wall street will realize that GROWTH IS ON IT"S WAY....LUB stock will then move up....Luby's needs to grow each brand in new states via a new franchise development partnerships......