"Our focus on stronger operations, exciting newproducts and atargeted advertising message is growingsales," says Luby'spresident and CEO Chris Pappas.Sales in the third quarter were $77million, anincrease of 6.5% compared to the same period lastyear.(The restaurateur characterizes all sales assame-store sales.)"This is the sixth consecutivequarter of same-store sales growth,"Pappas pointsout.
Luby's profit increased to $3.7 million during thethird quarterfiscal 2005, or 15 cents per share fullydiluted, compared to$375,000, or two cents per sharefully diluted for same periodfiscal 2004. Pappas saysthat Luby's has posted increasedprofitability forfour out of the five previous quarters.
Similarly, income from continuing operations increaseda whopping128.6% to $6.1 million from $2.7 millionfor the third quarter offiscal 2004.
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