Luby's, Inc., together with its subsidiaries, provides restaurant services in the United States. It operates through five segments: Luby's Cafeterias, Fuddruckers Restaurants, Cheeseburger in Paradise, Fuddruckers Franchise Operations, and Culinary Contract Services. The company operates casual dining restaurants; and offers culinary contract services, including contract arrangements to manage food services for healthcare clients, senior living facility, corporate dining clients, government buildings, and sports stadiums, as well as through retail grocery stores. Its primary brands include Luby's Cafeteria, Fuddruckers - World's Greatest Hamburgers, Koo Koo Roo, and Cheeseburger in Paradise, as well as Luby's Culinary Contract Services. As of November 24, 2020, the company operated 84 restaurants; and 26 locations through Culinary Contract Services. As of August 26, 2020, it operates 60 Luby's Cafeteria restaurants and 24 Fuddruckers restaurants. The company was formerly known as Luby's Cafeterias, Inc. Luby's, Inc. was founded in 1947 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: lubysinc.com
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HOUSTON, May 20, 2022 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) (the "Company"), which is liquidating and winding down pursuant to a plan of liquidation and dissolution (the "Plan"), is reminding holders of the Company's common stock that, in connection with the transfer of the Company's remaining assets and liabilities to a liquidating trust to be known as LUB Liquidating Trust (the "Trust"), the last day of trading of the Company's common stock on the New York Stock Exchange (the "NYSE") will be Friday, May 27, 2022. The transfer of the Company's remaining assets and liabilities to the Trust is expected to occur at 5:00 p.m. Eastern Daylight time on May 31, 2022. At such time, holders of th
- May 27, 2022 is expected to be the last day upon which the Company Shares will trade on the NYSE - - Company Shares to be Cancelled and Stockholders to Receive Units in the Liquidating Trust - HOUSTON, May 10, 2022 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's" or the "Company") announced today that, in accordance with the Company's previously approved Plan of Liquidation and Dissolution (the "Plan"), its Board of Directors ("Board") has determined that the remaining assets and liabilities of the Company will be transferred to a Liquidating Trust on May 31, 2022. In connection with the transfer of its assets to the Liquidating Trust, the Company will be dissolved. Accordingly, May 27, 2
HOUSTON, May 5, 2022 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's"), which is in the process of monetizing its assets for the benefit of its shareholders, announced today that the Company's Board of Directors has declared a cash liquidating distribution of $0.20 per share to be paid on May 24, 2022, to shareholders of record as of May 17, 2022. The liquidating distribution is being paid from the net proceeds from recent property sales. The distribution follows an initial distribution of $2.00 per share paid on November 1, 2021, and a subsequent distribution of $0.50 per share paid on March 28, 2022. The Company currently owns 18 real estate locations which it is in the process of marketi
HOUSTON, April 21, 2022 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's") which is in the process of monetizing its assets for the benefit of its shareholders, announced today its financial results for the second quarter ended March 9, 2022. Financial Results Liquidation Basis of Accounting As a result of Luby's shareholder approval of its plan of liquidation on November 17, 2020, effective November 19, 2020, in accordance with Generally Accepted Accounting Principles ("GAAP"), the Company began reporting its financial results on the liquidation basis of accounting. The liquidation basis of accounting requires, among other things, that management estimates net sales proceeds on an undiscou
HOUSTON, March 11, 2022 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's"), which is in the process of monetizing its assets for the benefit of its shareholders, announced today that the Company's Board of Directors has declared a cash liquidating distribution of $0.50 per share to be paid on March 28, 2022 to shareholders of record as of March 21, 2022. The liquidating distribution is being paid from the net proceeds from recent property sales. The distribution follows an initial distribution of $2.00 per share paid on November 1, 2021. The Company currently owns 18 real estate locations which it is in the process of marketing and selling, including six locations that are currently under co
HOUSTON, March 1, 2022 /PRNewswire/ -- Fuddruckers Restaurants, serving guests the World's Greatest Hamburgers® since 1980, today announced the debut of new combo menus at 14 Fuddruckers, Black Titan Holdings LLC, restaurant locations, featuring gourmet plant-based offerings, exclusively developed for Fuddruckers. Fuddruckers worked exclusively with industry leading plant-based food provides to develop new items that match the company's unrelenting commitment to quality and flavor. Nicholas Perkins, Chief Executive Officer of Fuddruckers commented, "Fuddruckers mission ha
HOUSTON, Jan. 31, 2022 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's") which is in the process of monetizing its assets for the benefit of its shareholders, announced today its financial results for the first quarter ended December 15, 2021. Financial Results Liquidation Basis of Accounting As a result of Luby's shareholder approval of its plan of liquidation on November 17, 2020, effective November 19, 2020, in accordance with Generally Accepted Accounting Principles ("GAAP"), the Company began reporting its financial results on the liquidation basis of accounting. The liquidation basis of accounting requires, among other things, that management estimates net sales proceeds on an undisc
HOUSTON, Nov. 19, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's") which is in the process of monetizing its assets for the benefit of its shareholders, announced today its financial results for the fiscal year ended August 25, 2021. Financial Results Liquidation Basis of Accounting As a result of Luby's shareholder approval of its plan of liquidation on November 17, 2020, effective November 19, 2020, in accordance with Generally Accepted Accounting Principles ("GAAP"), the Company began reporting its financial results on the liquidation basis of accounting. The liquidation basis of accounting requires, among other things, that management estimates net sales proceeds on an undiscount
HOUSTON, Oct. 13, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's"), which is in the process of monetizing its assets for the benefit of its shareholders, announced today that the Company's Board of Directors has declared a cash liquidating distribution of $2.00 per share to be paid on November 1, 2021 to shareholders of record as of October 25, 2021. The liquidating distribution is being paid from the net proceeds from recent property sales. Investors should note that the ex-dividend date is set by the New York Stock Exchange ("NYSE"). Under the rules of the NYSE, when a distribution is declared in a per share amount that exceeds 25% of a company's stock price, the date on which tha
HOUSTON, Oct. 1, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's"), which is in the process of monetizing its assets for the benefit of its shareholders, announced today that it has completed its previously announced sale of 26 real estate properties to STORE Capital for $88,000,000. Luby's utilized a portion of the proceeds from this sale and previous sales to repay its senior lender, MSD PCOF Partners VI, LLC, in full. Updated Estimate of Net Assets in Liquidation under the Liquidation Basis of Accounting As a result of Luby's shareholder approval of its plan of liquidation on November 17, 2020, effective November 19, 2020, in accordance with Generally Accepted Accounting Principles
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- May 27, 2022 is expected to be the last day upon which the Company Shares will trade on the NYSE - - Company Shares to be Cancelled and Stockholders to Receive Units in the Liquidating Trust - HOUSTON, May 10, 2022 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's" or the "Company") announced today that, in accordance with the Company's previously approved Plan of Liquidation and Dissolution (the "Plan"), its Board of Directors ("Board") has determined that the remaining assets and liabilities of the Company will be transferred to a Liquidating Trust on May 31, 2022. In connection with the transfer of its assets to the Liquidating Trust, the Company will be dissolved. Accordingly, May 27, 2
HOUSTON, Oct. 13, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's"), which is in the process of monetizing its assets for the benefit of its shareholders, announced today that the Company's Board of Directors has declared a cash liquidating distribution of $2.00 per share to be paid on November 1, 2021 to shareholders of record as of October 25, 2021. The liquidating distribution is being paid from the net proceeds from recent property sales. Investors should note that the ex-dividend date is set by the New York Stock Exchange ("NYSE"). Under the rules of the NYSE, when a distribution is declared in a per share amount that exceeds 25% of a company's stock price, the date on which tha
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