|Traded as||NYSE: LUB|
Russell Microcap Index component
|Industry||Casual dining restaurant|
|Founded||1947 (as Luby's Cafeterias, Inc.)|
San Antonio, Texas, U.S.
|Headquarters||Houston, Texas, U.S.|
|Products||Homestyle food, cafeteria, American|
|Revenue||US$400.80 million (2014)|
|US$−1.45 million (2014)|
Number of employees
Koo Koo Roo
Cheeseburger in Paradise
Luby's, Inc. (formerly Luby's Cafeterias, Inc.) operates restaurants under the brands Luby's, Fuddruckers, Koo Koo Roo, and Cheeseburger in Paradise. It was founded in 1947 in San Antonio, Texas, United States by Robert Luby (1910–1998).
Its 80 Luby's cafeteria-style restaurants are located in Austin, Dallas, Houston, San Antonio, the Rio Grande Valley, El Paso, and other cities throughout Texas; plus one in Mississippi. Its headquarters is in the Near Northwest district of Houston, Texas.
Its Fuddruckers restaurants include 49 company-operated restaurants and 107 franchises across the United States with two in Saskatchewan, Canada, two in Mérida, Mexico, and three in Panama City, Panama. Luby's Culinary Services provides contract food service management to eighteen healthcare, higher education, and corporate dining locations, such as Texas Children's Hospital, Lone Star College, and formerly, Baylor College of Medicine, which ended its relationship with Luby's in March 2015.
Bob Luby was one year old when his father, Harry, opened his first cafeteria called the New England Dairy Lunch. Bob opened his first Luby's Cafeteria in 1947, focusing on fresh food and customer service. Luby's soon expanded outside of San Antonio, Texas to Tyler, Harlingen, El Paso, and Beaumont.
In 1959, the original partners formed Cafeterias, Inc. Luby's continued to expand, entering other Texas cities and locations in contiguous states. Luby's entered Houston for the first time when it opened Romana Cafeteria in 1965. Locations opened in New Mexico in 1966 and in Oklahoma in 1980.
In 1973, Cafeterias, Inc. became a publicly traded company. To honor Bob Luby, Cafeterias, Inc., was renamed Luby's Cafeterias, Inc., in 1981. One year later, Luby's shares were listed on the New York Stock Exchange. By 1987 Luby's had reached 100 locations.
In 2001, Chris and Harris Pappas of Houston's Pappas Restaurants (owners of Pappasito's Cantina, Pappadeaux Seafood Kitchen, etc.) joined the Luby's management team. Three years later, Luby's moved its corporate headquarters from San Antonio to Houston. The addition of the Pappas management team saw several Luby's restaurants begin to transition from traditional cafeteria-style establishments to hybrid cafeteria/fine dining.
Luby’s celebrated its 60th anniversary in December 2006 with publishing “Luby’s Recipes & Memories: A Collection of our Favorite Dishes and Heartwarming Stories". In 2008, Luby’s published a special edition of the cookbook that included 12 additional recipes.
In 2009, due to the economic recession, Luby's closed 25 stores and laid off staff as a cost-cutting measure.
The same year, on June 18, Luby's announced it was buying Fuddruckers and Koo Koo Roo for $61 million after parent company Magic Brands LLC went bankrupt. On June 13, 2011, Luby’s opened its first company-owned Fuddruckers restaurant in downtown Houston’s seven-mile (11 km) tunnel system.
In 2013, Luby's acquired Cheeseburger in Paradise.
In July 2004, Luby's announced that it would move its headquarters from San Antonio to Houston, where Pappas Restaurants has its headquarters. At that time Luby's did not yet state to where it would be moving; the company stated that it would most likely move to a suburb in Greater Houston. 80 jobs were transferred to Houston.
Lu Ann Platter
The "Lu Ann Platter", a popular combination platter served at Luby's, is a half portion main dish with vegetables. This plate was the inspiration for the character name Luanne Platter from the animated Texas comedy/drama, King of the Hill. The cafeteria itself is characterized as "Luly's" on the show. In a 2010 promotion, Luby's had a "Luann" model visit stores.
A deadly mass shooting occurred at a Luby's restaurant at 1705 East Central Texas Expressway in Killeen, Texas, on October 16, 1991, when George Hennard gunned down 23 people before committing suicide. This location reopened after cleanup and redesign of the front wall; it closed permanently on September 9, 2000. A Chinese-American buffet restaurant now occupies the former location.
- Wollam, Allison (January 19, 2010). "Luby's cooks up Lone Star College deal". Houston Business Journal. Retrieved 24 June 2011.
- "Luby's Culinary Services". www.lubyscs.com.
- "Luby's Opens New Dining Facility at Baylor College of Medicine". Red Orbit. August 20, 2007. Retrieved 24 June 2011.
- Aldridge, James (July 16, 2004). "San Antonio Business Journal". San Antonio Business Journal. Retrieved 24 June 2011.
- Wollam, Allison (December 3, 2006). "Luby's to dish out new design with Post Oak remodel". Houston Business Journal.
- Oelrich, Shannon. "Where Texans Go To Eat". Texas Co-Op Power. Retrieved 24 June 2011.
- "Luby's Cafeteria Recipes". Food.com. Retrieved 24 June 2011.
- "Luby's closes 25 stores." KTRK-TV. Monday November 16, 2009. Retrieved on February 26, 2010.
- "Luby’s posts 2Q net loss as sales slide." Houston Business Journal. Thursday March 18, 2010.
- "Luby's Culinary Services Introduces What's Brewing at 1301 Fannin in Downtown Houston."[dead link] PR Newswire. Retrieved on March 22, 2010.
- Baertlein, Lisa (June 18, 2010). "UPDATE 1-Luby's buys Fuddruckers for $61 million". Reuters. Retrieved 24 June 2011.
- "Area Map Archived 2011-07-14 at the Wayback Machine." Near Northwest. Retrieved on February 8, 2011.
- "Contact." Luby's. Retrieved on February 8, 2011. "Office 13111 Northwest Freeway, Suite 600 Houston, Texas 77040."
- Athavaley, Anjali. "CAFETERIA STYLE / Home is where the CEO is / Luby's will move its headquarters to Houston, bringing 80 jobs along."[dead link] Houston Chronicle. Saturday July 17, 2004. Business 1. Retrieved on February 26, 2010.
- Aldridge, James. "Luby's relocating corporate headquarters to Houston." San Antonio Business Journal. Friday July 16, 2004. Retrieved on February 26, 2010.
- Anita Belles Porterfield; John Porterfield (15 May 2015). Death on Base: The Fort Hood Massacre. University of North Texas Press. pp. 19–. ISBN 978-1-57441-596-4.
- "Hill Bent". Texas Monthly. February 1, 1997.
- Shooting rampage at Killeen Luby's left 24 dead Houston Chronicle, August 10, 2001
- "Luby's in Killeen, Texas, site of 1991 massacre, closes its doors." CNN. September 11, 2000. Retrieved on February 26, 2010.
- Herald, Robert Nathan The Killeen Daily. "Luby's tragedy: 15 years later". The Killeen Daily Herald.