LUB on NYSE

Luby's

Logo: https://www.lubys.com/, Non-free logo, via Wikipedia5

American restaurant operator (company)

Luby’s Restaurant Corporation is a chain of cafeteria-style restaurants in Texas. In the past, Luby's Inc. also owned the Fuddruckers, Koo Koo Roo, and Cheeseburger in Paradise restaurant chains. As of April 2024, the company operates 38 locations in Texas.3 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$41.9MRevenue, fiscal 20216
1947Founded1

Compare with MASTERBEEF GROUP, LiveOne, Inc. or NOBLE ROMANS INC, or pick any stock.

  • TickerLUB on NYSE1
  • Industrysystem catering1
  • HeadquartersHouston1
  • Websitewww.lubys.com
  • Legal formDelaware corporation1
  • Business addressTwo Liberty Square, 9Th Floor, Boston, Ma 021097
  • Filer categoryNon-accelerated filer, Smaller reporting company7
  • LEI549300YE2CRT3VKXLG604
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 22773584
Luby's (5424302627)
Photo: Social Woodlands from USA, CC BY 2.0, via Wikimedia Commons10

Luby’s Restaurant Corporation is a chain of cafeteria-style restaurants in Texas. In the past, Luby's Inc. also owned the Fuddruckers, Koo Koo Roo, and Cheeseburger in Paradise restaurant chains.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

-80.4%Revenue growth, 20216

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Other costs100¢$41.8M
  • Income tax0¢$58.0K

Out of $41.9M in revenue.6

Financial statements

Revenue1112136$41.9M in 2021−90% since 2016
0$200.0M$400.0M$600.0M2016: $402.6M$402.6M20162017: $376.0M$376.0M2017−7%2018: $365.2M$365.2M2018−3%2019: $323.5M$323.5M2019−11%2020: $214.0M$214.0M2020−34%2021: $41.9M$41.9M2021−80%
Gross profit141112136$14.2M in 2020−76% since 2015
0$20.0M$40.0M$60.0M$80.0M2015: $58.7M$58.7M20152016: $62.5M$62.5M2016+7%2017: $50.1M$50.1M2017−20%2018: $38.1M$38.1M2018−24%2019: $36.3M$36.3M2019−5%2020: $14.2M$14.2M2020−61%
Operating income141112136-$23.9M in 2020+2619% since 2015
-$30.0M-$20.0M-$10.0M02015: -$880.0K-$880.0K20152016: -$3.3M-$3.3M2016+278%2017: -$17.5M-$17.5M2017+426%2018: -$22.2M-$22.2M2018+27%2019: -$9.0M-$9.0M2019−59%2020: -$23.9M-$23.9M2020+166%
Net income141112136-$29.4M in 2020+1320% since 2015
-$40.0M-$30.0M-$20.0M-$10.0M02015: -$2.1M-$2.1M20152016: -$10.3M-$10.3M2016+399%2017: -$23.3M-$23.3M2017+125%2018: -$33.6M-$33.6M2018+44%2019: -$15.2M-$15.2M2019−55%2020: -$29.4M-$29.4M2020+93%
Fiscal year20142015201620172018201920202021
Revenue$402.6M11$376.0M11$365.2M12$323.5M13$214.0M6$41.9M6
Gross profit$58.7M14$62.5M11$50.1M11$38.1M12$36.3M13$14.2M6
Selling, general and admin$38.8M14$42.4M11$37.9M11$38.7M12$34.7M13$24.6M6
Operating income-$880.0K14-$3.3M11-$17.5M11-$22.2M12-$9.0M13-$23.9M6
Interest$2.3M14$2.2M11$2.4M11$3.3M12$6.0M13$6.4M6
Income tax-$1.1M14$4.9M11$2.4M11$7.7M12$469.0K13$357.0K6$58.0K6
Net income-$2.1M14-$10.3M11-$23.3M11-$33.6M12-$15.2M13-$29.4M6
Earnings per share-$0.0714-$0.3511-$0.7911-$1.1212-$0.5113-$0.976
Earnings per share (diluted)-$0.0714-$0.3511-$0.7911-$1.1212-$0.5113-$0.976

Compare Luby's with another company

Corporate structure

Luby's sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Luby's

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Luby's reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$020 May 31, 2022$16.8M6 Aug 26, 2020−100.0%

Properties, in its own words

As of March 6, 2026, we have no remaining properties.

As of March 6, 2026, we have unresolved obligations at four former leased locations which were abandoned in prior years prior to the expiration of the respective lease terms.

Item 2 of the 10-K filed Mar 9, 2026.21

The story

Bob Luby's father, Harry, opened his first cafeteria, the New England Dairy Lunch, in 1911, after a business trip to Chicago. By the time Bob was 40, he had become successful, with his cafeterias spreading across several states, and retired to pass the business to his son. Bob worked many jobs in the cafeteria industry before founding Luby's. After graduating from the University of Texas, he ran cafeterias in San Francisco and Corpus Christi. He moved back to Texas after a satisfied customer, Georgina Wenglein, and her husband convinced him to do so. In 1947, Bob opened his first Luby's Cafeteria in the basement of a building in downtown San Antonio, focusing on fresh food and customer service.

Luby's soon expanded outside of San Antonio to Tyler, Harlingen, El Paso, and Beaumont.

In 1959, the original partners formed Cafeterias, Inc. Luby's continued to expand, entering other Texas cities and locations in contiguous states. Luby's entered Houston for the first time when it opened the Romana Cafeteria in 1965. Locations opened in New Mexico in 1966 and in Oklahoma in 1980.

In 1973, Cafeterias, Inc., became a publicly traded company. To honor Bob Luby, Cafeterias, Inc., was renamed Luby's Cafeterias, Inc., in 1981. One year later, Luby's shares were listed on the New York Stock Exchange. By 1987, Luby's had reached 100 locations..

The company operated in 11 states in 1996, with over 200 restaurants.

In 2001, Chris and Harris Pappas of Houston's Pappas Restaurants (owners of Pappasito's Cantina, Pappadeaux Seafood Kitchen, etc.) joined the Luby's management team. Three years later, Luby's moved its corporate headquarters from San Antonio to Houston. The addition of the Pappas management team saw several Luby's restaurants begin to transition from traditional cafeteria-style establishments to hybrid cafeteria/fine dining.

Luby's celebrated its 60th anniversary in December 2006 with publishing Luby's Recipes & Memories: A Collection of our Favorite Dishes and Heartwarming Stories. In 2008, Luby's published a special edition of the cookbook that included 12 additional recipes.

In 2009, due to the economic recession, Luby's closed 25 stores and laid off staff as a cost-cutting measure. In 2010, Luby's Culinary Services introduced "What's Brewing?", a coffeehouse concept store in downtown Houston. The same year, on June 18, Luby's announced it was buying Fuddruckers and Koo Koo Roo for $61 million after parent company Magic Brands LLC went bankrupt. On June 13, 2011, Luby's opened its first company-owned Fuddruckers restaurant in downtown Houston's tunnel system. In 2013, Luby's acquired Cheeseburger in Paradise.

Read the full text

In August 2015, 93 Luby's were operating, and this declined to 78 in 2019. Technomic consumer insights senior manager Robert Byrne stated that the fast casual restaurants reduced Luby's market share.

During the 2020 COVID-19 lockdowns, Luby's, Inc. furloughed more than half of its corporate staff and cut the pay of remaining salaried employees by 50%. Luby's Inc also applied for and received a loan of US$10 million as part of the Paycheck Protection Program.

Sale of Fuddruckers and acquisition by Calvin Gin

On June 3, 2020, Luby's board of directors announced plans to sell all its operating divisions and assets, including real estate assets. This decision was influenced in part by circumstances surrounding the COVID-19 pandemic. Net proceeds from transactions were to benefit Luby's stockholders. The company did not have a definitive timeline for future transactions, but expected to wind down its remaining operations eventually.

On September 8, 2020, Luby's further announced it has adopted a plan to liquidate all of its existing assets, as opposed to operating in the current form or merely selling off divisions.

As of September 11, 2020, 80 Luby's and Fuddruckers were still in operation.

About 99% of Luby's stockholders voted for dissolution in November 2020.

On June 21, 2021, Calvin Gin, founder of Flying Food Group, agreed to buy 32 Luby's locations for $28.7 million, a week after Nicholas Perkins of North Carolina agreed to buy Luby's Fuddruckers brand for $18.5 million. Before the announcement of Gin's acquisition, Luby's had planned to close all locations by August 2021.

From Wikipedia’s article on Luby's, shared under CC BY-SA 4.0.8

Leadership

Who has led Luby's, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (17)

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

  • RFL, LLC Texas9

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • LUBYS INCApr 16, 2001 to May 31, 20227
  • LUBYS CAFETERIAS INCJul 12, 1994 to Jan 9, 20017

Timeline

  1. Jun 6, 20228-K Entered a material agreement; Completed an acquisition or sale; Change to shareholders' rights44
  2. Apr 21, 20228-K Results of operations45
  3. Mar 31, 20228-K Executive or director change46
  4. Mar 11, 20228-K Other events47
  5. Jan 31, 20228-K Results of operations48
  6. Nov 19, 20218-K Results of operations49
  7. Oct 5, 20218-K Completed an acquisition or sale50
  8. Oct 23, 2006New chief executive Christopher James Pappas becomes CEO22
  9. 1947Founded Founded1

Calendar

When it reported results

  1. Apr 21, 2022Reported quarterly or annual results45
  2. Jan 31, 2022Reported quarterly or annual results48
  3. Nov 19, 2021Reported quarterly or annual results49

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

23 filings to the SEC since October 2021: 6 annual reports, 2 quarterly reports, 7 major events, 2 large holders, 6 other. The latest 20:

  1. Mar 9, 202610-K EDGAR
  2. Mar 24, 202510-K EDGAR
  3. Sep 23, 2024UPLOAD EDGAR
  4. Sep 16, 2024CORRESP EDGAR
  5. Aug 23, 2024UPLOAD EDGAR
  6. Mar 22, 202410-K EDGAR
  7. Mar 28, 202310-K EDGAR
  8. Sep 2, 202210-KT EDGAR
  9. Jul 15, 202215-12G EDGAR
  10. Jul 8, 2022SC 13G SCHEDULE 13G EDGAR
  11. Jun 10, 2022S-8 POS EDGAR
  12. Jun 6, 20228-K EDGAR
  13. May 31, 202225-NSE EDGAR
  14. Apr 21, 20228-K EDGAR
  15. Apr 21, 202210-Q EDGAR
  16. Mar 31, 20228-K EDGAR
  17. Mar 11, 20228-K EDGAR
  18. Jan 31, 20228-K EDGAR
  19. Jan 31, 202210-Q EDGAR
  20. Jan 27, 2022SC 13G/A NONE EDGAR

The 23 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Luby's is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLUB LIQUIDATING TRUST2
  • CIK0000016099
  • Employer ID (EIN)88-64371612
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Fiscal year endsAugust 312
  • Industry code (SIC)5812 Retail-Eating Places2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business addressTwo Liberty Square, 9Th Floor, Boston, MA 021092
  • Phone(713) 329 68002
  • Shares outstanding31,300,837 as of Aug 29, 202220
  • Public float$0 as of Mar 9, 202220
  • On EDGAR sinceJan 12, 19942
  • Filings1,439 in all: 4 (764), 8-K (205), 10-Q (86), DEFA14A (45), SC 13G/A (37), 10-K (31), DFAN14A (29), DEF 14A (26)2
    All 44 form types

    SC 13G (25), UPLOAD (24), SC 13D/A (23), 11-K (22), CORRESP (15), 3 (9), 10-K/A (8), PRE 14A (8), S-8 (8), PREC14A (7), ARS (6), DEFC14A (6), PRRN14A (6), NT 10-K (5), 10-Q/A (4), 8-A12B/A (4), 8-K/A (4), NT 10-Q (4), 8-A12B (3), S-8 POS (3), SC 13D (3), 4/A (2), 5 (2), NO ACT (2), PRER14A (2), 10-K405 (1), 10-KT (1), 11-K/A (1), 15-12G (1), 25-NSE (1), CERT (1), CERTNYS (1), DEFR14A (1), EFFECT (1), S-3 (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Mar 9, 2026
    Quarterly report (10-Q) Apr 21, 2022
    Proxy statement (DEF 14A) Aug 5, 2021
    Latest 8-K (8-K) Jun 6, 2022

Risk factors and legal proceedings

The risks Luby's names in Item 1A of its 10-K filed Mar 9, 2026: 7 risks under these headings, as written.21

  • The risks and uncertainties described below should be carefully reviewed together with all other information included in this annual report on Form 10-K. Additional risks and uncertainties not currently known to us or that we currently deem immaterial may also become important factors that may harm our financial condition and the timing and amount of future liquidating distributions, if any. The occurrence of any of the following risks could harm our financial condition and the timing and amount of future liquidating distributions, if any.
  • We may not be able to pay liquidating distributions to our unitholders at the times and in the amounts expected.
  • As a Delaware grantor trust, distributions from the Trust are subject to the approval of the Delaware Court of Chancery, which could impact the timing and amount of liquidating distributions to our unitholders.
  • The amount of cash available to distribute to unitholders depends on our ability to successfully monetize or collect our amounts receivable under promissory notes provided by buyers of our businesses and assets.
  • We will continue to incur liabilities and expenses that will reduce the amount available for liquidating distributions to unitholders.
  • We face the risk of adverse litigation, which could have a material adverse effect on our net assets in liquidation and reduce the amount available for liquidating distributions to unitholders.
  • We may incur costs to comply with federal, state and local laws and regulations.

Legal proceedings

We have been subject to various private lawsuits, administrative proceedings and claims that arose in the ordinary course of our former business. A number of these lawsuits, proceedings and claims may exist at any given time. These matters typically involved claims from guests, employees and others related to issues common to the restaurant industry, as well as matters related to our real estate holdings, or the leases associated with such holdings. We currently believe that the final disposition of these types of lawsuits, proceedings, and claims will not have a material adverse effect on our net assets or our ability to monetize our remaining assets.

The opening of Item 3, Legal Proceedings.21

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
    SEC EDGAROther events
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52