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LUBY'S CAFETERIAS REPORTS RESULTS

 LUBY'S CAFETERIAS REPORTS RESULTS
 SAN ANTONIO, Texas, Oct. 8 /PRNewswire/ -- Ralph Erben, president


and chief executive officer of Luby's Cafeterias, Inc. (NYSE: LUB), today announced that the company's sales for the fiscal year ended Aug. 31, 1992, were $346,359,000 compared with $328,236,000 for the prior year. Net income for the year was $32,593,000 compared with $32,346,000 a year earlier. Earnings per share for fiscal 1992 were $1.19 compared with $1.18 for fiscal 1991.
 Fourth quarter sales were $90,980,000 compared with $85,414,000 for the fourth quarter last year. Net income for the quarter was $9,736,000 compared with $8,392,000. Earnings per share for the quarter were 36 cents compared with 31 cents for the fourth quarter of fiscal 1991.
 Mr. Erben also stated that during fiscal 1992 12 new cafeterias were opened and two units were relocated. At Aug. 31, 1992, the company was operating 162 Luby's cafeterias in nine states. The company's stock is traded on the New York Stock Exchange (LUB).
 LUBY'S CAFETERIAS, INC.
 (In thousands, except per-share data)
 Periods ended Three months Fiscal year
 Aug. 31 1992 1991 1992 1991
 Sales $90,980 $85,414 $346,359 $328,236
 Income before income
 taxes 15,079 12,554 50,517 48,848
 Provision for income
 taxes 5,343 4,162 17,924 16,502
 Net income 9,736 8,392 32,593 32,346
 Net income per share $.36 $.31 $1.19 $1.18
 Average number of
 shares outstanding 27,197 27,398 27,344 27,392
 -0- 10/8/92
 /CONTACT: John E. Curtis Jr., senior vice president and chief financial officer of Luby's Cafeterias, Inc., 512-654-9000/
 (LUB) CO: Luby's Cafeterias, Inc. ST: Texas IN: LEI SU: ERN


CK-KW -- NY044 -- 7805 10/08/92 11:34 EDT
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Date:Oct 8, 1992
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