Luby’s issues ‘going concern’ warning, reports $25M Q3 loss

Luby’s Inc. (NYSE: LUB), which had been dealing with disappointing financial results even before the pandemic, reported a nearly $24.98 million net loss for the third quarter of its fiscal 2020 year.

That quarterly loss is more than the restaurant company’s net loss of $15.2 million for the entire 2019 fiscal year. In the third quarter of FY 2019, Luby’s net loss was $5.3 million. For the first three quarters of the company’s FY 2020, the company reported a net loss of nearly $37.12 million, compared…