Luby's

Luby's, Inc. operates as a multi-branded company in the restaurant industry and in the contract food services industry. It operates through the following segments: Luby's Cafeterias, Fuddruckers Restaurants, Cheeseburger in Paradise, Fuddruckers Franchise Operations, and Culinary Contract Services. The Luby’s Cafeterias segment includes the results of the company-owned Luby’s Cafeterias restaurants. The Fuddruckers Restaurants segment includes the results of the company-owned Fuddruckers restaurants. The Cheeseburger and Paradise segment includes the results of Cheeseburger in Paradise restaurants. The Fuddruckers Franchise Operations segment offers franchises for the Fuddruckers brand. The Culinary Contract Services segment consists of a business line servicing long-term acute care hospitals, medical centers, ambulatory surgical centers, retail grocery stores, behavioral hospitals, sports stadiums, senior living facilities, government, and business and industry clients, primarily in Texas. The company was founded in 1947 and is headquartered in Houston, TX.

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.

Luby's, Inc. Reminds Stockholders that the Last Day of Trading Ends Friday, May 27, 2022, at 3:00 p.m. Central Daylight Time

- 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.

Luby's, Inc. Announces Date for Transfer of Remaining Assets to a Liquidating Trust

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.

Luby's, Inc. to Issue a $0.20 Per Share Cash Liquidating Distribution

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.

Luby's Issues Second Quarter Fiscal 2022 Report

Luby's liquidation is now in its final stages, delisting is possible within months.

We're In The Final Innings Of Luby's Liquidation, Some Upside May Remain

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.

Luby's, Inc. to Issue a $0.50 Per Share Cash Liquidating Distribution

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.

Luby's Issues First Quarter Fiscal 2022 Report

I have been following Luby's ( LUB , Financial) in one way or another for the past decade. I have watched the stock, waiting for a moment to buy, but that moment has never arrived.

A Lesson in Deep Value With Luby's

Luby's liquidation continues to trend well, with the most recent update increasing the liquidation value. $2/share has already been paid but the residual value could be over $3/share on today's release.

Luby's Reports Remaining Assets Of $3/Share, Further Upside Hinges On Property, Culinary Services

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.

Luby's Fiscal 2021 Year End Estimated Net Assets in Liquidation Increased to $5.00 per Share (of which $2.00 was paid on November 1, 2021)

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.

Luby's, Inc. to Issue an Initial $2.00 Per Share Cash Liquidating Distribution

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.

Luby's Completes Sale of 26 Real Estate Properties for $88 million

Restaurant operator Luby's has completed various pieces of its liquidation process at valuations ahead of liquidation accounting. They have done well monetizing their major brands/franchises at attractive valuations and selling properties at potentially a premium to liquidation and appraisal value.

Luby's Recent Liquidation Transactions Imply Liquidation Proceeds Of $5-$7 Per Share

HOUSTON, July 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 third quarter ended June 2, 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.

Luby's Issues Third Quarter Fiscal 2021 Report

Luby's Inc (NYSE: LUB) inked an agreement to sell its cafeteria restaurant business to a newly formed affiliate of Calvin Gin.  The sale could provide Luby's with about $28.7 million of value, although there is no assurance for such consideration.

Luby's To Sell Cafeteria Restaurant Business For $28.7M

HOUSTON, June 21, 2021 /PRNewswire/ -- Luby's, Inc. ("Luby's" or the "Company") (NYSE: LUB) today announced the Company has entered into an agreement to sell the Luby's Cafeteria restaurant business to a newly formed affiliate of Calvin Gin.  The purchase by the Gin affiliate (to be renamed Luby's Restaurants Corporation following closing of the transaction) will include 32 of the existing locations of Luby's restaurants, all in Texas (listed below), and ownership of the Luby's Cafeteria brand.

Luby's, Inc. Signs Agreement to Sell Luby's Cafeteria Restaurant Operations to Affiliate of Calvin Gin

Restaurant chain operator Luby's Inc (NYSE: LUB) has entered into an agreement to sell the Fuddruckers franchise business operations. The franchise will be sold to a newly formed affiliate of Nicholas Perkins, Black Titan Franchise Systems LLC.

Luby's To Sell Fuddruckers Franchise For ~$18.5M

HOUSTON, June 17, 2021 /PRNewswire/ -- Luby's, Inc. ("Luby's" or the "Company") (NYSE: LUB), today announced the Company has entered into an agreement to sell the Fuddruckers franchise business operations to a newly formed affiliate of Nicholas Perkins. The Company had previously sold/franchised a number of Company owned Fuddruckers restaurants to a Perkins affiliate, making him one of the largest Fuddruckers franchisees.

Luby's, Inc. Signs Agreement to Sell the Fuddruckers Franchise Business to Affiliate of Nicholas Perkins

HOUSTON, June 17, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's"), announces new Summer special offerings to celebrate Father's Day and Independence Day, July 4 th.  Guests are invited to celebrate these two festive holidays and dine at their local Luby's Cafeteria or call 1-877-GO-LUBYS or order online at www.lubys.com.

Luby's Celebrates Summer 2021

Luby's liquidation continues to trend positively. Some locations have already been sold.

Luby's Liquidation Continues On A Positive Trend

HOUSTON, April 26, 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 second quarter ended March 10, 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.

Luby's Issues Second Quarter Fiscal 2021 Report

HOUSTON, March 17, 2021 /PRNewswire/ -- Luby's, Inc. ("Luby's" or the "Company") (NYSE: LUB), today announced the Company has completed the sale of certain Company-owned Fuddruckers stores and the franchise of those stores to affiliates of Black Titan Holdings, LLC ("Black Titan"), an affiliate of Nicholas M. Perkins. Specific terms of the transaction were not disclosed.

Luby's, Inc. Completes Previously Announced Sale Of Certain Fuddruckers Company Owned Stores To New Franchisees

Luby's recent 10-Q disclosures may nudge up liquidation value and narrow the range of distribution outcomes, suggesting 20% to 30% upside from current levels.

Luby's Positive 10-Q Disclosures May Nudge Up Liquidation Value

HOUSTON, Feb. 1, 2021 /PRNewswire/ -- Luby's, Inc. ("Luby's" or the "Company") (NYSE: LUB), announced that John Garilli has been appointed Luby's Interim President and Chief Executive Officer effective January 27, 2021, as Christopher Pappas stepped down as President and Chief Executive...

John Garilli, Winthrop Capital Executive, Assumes Role of Interim President and Chief Executive Officer at Luby's, Inc. While Monetization Plans Continue

HOUSTON, Feb. 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 its financial results for the first quarter ended December 16, 2020. Financial Results Liquidation Basis of...

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