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LUBY'S CAFETERIAS REPORTS RESULTS

 SAN ANTONIO, June 14 /PRNewswire/ -- Ralph Erben, president and chief executive officer of Luby's Cafeterias, Inc. (NYSE: LUB), today announced results of operations for the third quarter ended May 31, 1993. Sales increased to $94,791,000 compared to $91,614,000 for the third quarter of fiscal 1992. Net income was $9,707,000 for the quarter, an increase of 7 percent over the same quarter last year. Earnings per share were 36 cents compared with 33 cents for fiscal 1992.
 For the nine months, sales increased 6 percent to $271,685,000 compared to $255,379,000 for the same period last year. Net income was $25,567,000, an increase of 12 percent. Earnings per share for the nine months were 94 cents compared to 83 cents for the corresponding nine months last year.
 Mr. Erben also stated that during the third quarter one new cafeteria was opened in Murfreesboro, Tenn., and one of its El Paso, Texas, units was relocated. Three other locations are presently under construction in Memphis, Tenn.; Leavenworth, Kan.; and Grapevine, Texas.
 The San Antonio based company operates 167 Luby's Cafeterias in ten states, and its stock is traded on the New York Stock Exchange under the symbol LUB.
 LUBY'S CAFETERIAS, INC.
 (In thousands except per share data)
 Periods ended Three months Nine months
 May 31 1993 1992 1993 1992
 Sales $94,791 $91,614 $271,685 $255,379
 Income before income taxes 15,407 14,036 40,582 35,438
 Provision for income taxes 5,700 4,983 15,015 12,581
 Net income 9,707 9,053 25,567 22,857
 Net income per share .36 .33 .94 .83
 Average number of shares
 outstanding 27,239 27,378 27,182 27,394
 -0- 6/14/93
 /CONTACT: John E. Curtis Jr., senior vice president and chief financial officer of Luby's Cafeterias, Inc., 210-654-9000/
 (LUB)


CO: Luby's Cafeterias, Inc. ST: Texas IN: LEI SU: ERN

WB-OS -- NY062 -- 1643 06/14/93 12:21 EDT
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Publication:PR Newswire
Date:Jun 14, 1993
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