nobody cares ( the street) when they lose from hedging or win from hedging. It is a non event. The good news is sales were up 19% and the Tea line was introduced as well as the contract with 275 Stop and Shop locations
The company earned 9 cents versus 6 cents, despite a $2 million loss in sales. The 50% improvement in profit was attributable to lower food and G&A costs. Luby's also paid down their revolving credit facility by $6.5 million and plans to sell $15 million of surplus real estate.
apparently you do not know too much about how proxy fights and takeovers occur. It is all about the next move and who will take it.
SG&A has nothing to do with margins. it is a totally separate calculation that ha no connection with the cost of goods sold. Didn't you take accounting 101 in College?