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LUBY'S CAFETERIAS REPORTS RESULTS

 LUBY'S CAFETERIAS REPORTS RESULTS
 SAN ANTONIO, Texas, March 16 /PRNewswire/ -- Ralph Erben, president


and chief executive officer of Luby's Cafeterias, Inc. (NYSE: LUB), today announced the results of operations for the second quarter ended Feb. 29, 1992. Sales reached $82,658,000, a 6 percent increase over the same quarter last year. Net income increased to $7,208,000 compared to $7,180,000 for the second quarter of fiscal 1991. Earnings per share were 26 cents in both periods.
 Sales for the six months ended Feb. 29, 1992, increased 4 percent to $163,765,000 compared to $158,054,000 for the same period last year. Net income was $13,804,000, a decrease of 7 percent. Earnings per share for the six months were 50 cents compared to 54 percent for the corresponding six months last year.
 Erben also stated that four new cafeterias were opened in Houston and Brownsville, Texas; Sebring, Fla.; and Memphis, Tenn., during the second quarter. Six other locations are presently under construction, with completion dates scheduled for this fiscal year.
 The San Antonio based company operates 156 Luby's Cafeterias and its stock is traded on the New York Stock Exchange.
 LUBY'S CAFETERIAS, INC.
 (Thousands of dollars except per share data)
 Periods Three Months Six Months
 Ended 2/29/92 2/28/91 2/29/92 2/28/91
 Sales $82,658 $78,217 $163,765 $158,054
 Inc. before inc. taxes 11,176 10,879 21,402 22,588
 Prov. for income taxes 3,968 3,699 7,598 7,680
 Net income $ 7,208 $ 7,180 $ 13,804 $ 14,908
 Net income per share $0.26 $0.26 $0.50 $0.54
 Average number of
 shares outstanding 27,402,708 27,392,406 27,402,011 27,386,427
 -0- 3/16/92
 /CONTACT: John E. Curtis Jr., senior vice president and chief financial officer of Luby's Cafeterias, 512-654-9000/
 (LUB) CO: Luby's Cafeterias, Inc. ST: Texas IN: LEI SU: ERN


GK-OS -- NY043 -- 8302 03/16/92 11:58 EST
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Date:Mar 16, 1992
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